The Ministry of Foreign Affairs and the Japanese Embassy in Angola have signed an Exchange of Notes (EoN) of agreement estimated at 2.1 billion yen, for the second phase of rehabilitation of the Namibe Port last week. According to the Japanese embassy, the Exchange of Notes comprises a grant from the Japanese Government to Angola and will be signed by the Secretary of State for Cooperation, Ângela Bragança and the Japanese ambassador to Angola, Kuniaki ITO.
The Namibe Port, one of the three most important ones of Angola, is a strategic point for the southern region of Angola and should be in the near future the major logistics centre in the Southern Africa, through the Moçâmedes corridor.
Still according to the press release, this year Japan will grant new loans to the Government of Angola, with the aim of promoting social projects for the economic development.
The first phase of the rehabilitation was carried out in 2010. The Japanese Bank for International Cooperation (JBIC) carried out the technical and financial cooperation on the new phases of rehabilitation and modernization of the commercial port. Japan’s Toa Corp carried out the work that total funding was estimated at US$25m paid by Japan.
The first phase refurbishment of the port, which took a year, made it possible to rebuild and modernize the 240 meter-long dock, the container terminal, a lighting system, with 30 meter high towers, and water pumping, compatible with the port’s needs. The dock will be extended to 600 meters in the present second phase.