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Tue, 23 Jul 2019 18:23 - Updated Tue, 23 Jul 2019 18:23

Government builds Ministries District based on BOT model

Luanda - The Angolan Government will move ahead this year with the construction of the Administrative Political Center, called "District of Ministries", to be built in Praia do Bispo, in Luanda, which will be implemented based on the BOT - build, operate and transfer.

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Carlos Rosado de Carvalho, economista

Photo: Cortesia de: Mota Ambrósio (Edições Novembro)

Project of the Ministries

Photo: Cortesia de: Mota Ambrósio ( Edições Novembro)

Launched on Tuesday, in Luanda, at a ceremony chaired by the Minister of State for Economic Coordination, Manuel Nunes Júnior, the project will be implemented with this new funding modality aimed at public-private partnerships (PPP).

Public procurement procedures for the subprojects of this initiative will be launched shortly, with a pre-qualification phase for companies submitting financing proposals for their BOT (Build, Operate and Transfer) investments.

The District of Ministries will have 28 ministerial buildings, a building for the Council of Ministers, a convention center, a justice campus, a palace of culture and a space for Expo Luanda.

The project, presented to domestic and foreign investors, also includes 37 protocol houses, institutional support services, parking lots, among other projects.

The District of Ministries, which will link the National Assembly and the Presidency Palace, will also include areas entirely dedicated to private initiative, such as business centers, apartment buildings, hotels, restaurants and other facilities, all coupled in a privileged landscape with green spaces.

Presenting by the Minister of Construction and Public Works, Manuel Almeida Tavares, the project will be implemented over a period of two to three years, depending on the complexity of the subproject and the amortization period of investments, of seven years."

This period is what is presented in the pre-feasibility study as optimal for better return on investment," he explained.

The Government, based on the public-private partnership model, considers BOT to be preferred, where private initiative plays the key role in offering direct investment proposals during the subproject construction period.

Once concluded, the State, according to Manuel Almeida Tavares, will start using the infrastructures and will start with the payment of installments during the operation and maintenance period under the investor's responsibility, until amortizing the investment made.

Without advancing the budget, he said that the state will not disburse resources but will amortize private investment over a negotiated period, beginning with its use and ending all assets that are owned by the state.

"It is here assured that the user will be the state, which certainly guarantees the necessary comfort to the investor," said the government official.

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