ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Sun, 26 Jan 2020 13:00 - Updated Sun, 26 Jan 2020 13:00

Caio deep water port works set to resume this month

Cabinda - The construction works of Caio Deep Water Port, which had been halted for two years, in northern Cabinda province, resume this month after a USD 124 million debt settlement with the contracting companies.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

1 / 1

Caio Deep Water Port works, which had been halted for two years, resume this month

Photo: Angop

Nazareth Neto, Director general of IMPA

Photo: Angop

The amount was paid Thursday by the Maritime and Port Institute of Angola (IMPA) to the companies Caio Porto and CRBC.

The director general of IMPA, Nazareth Neto, who represented the Ministry of Transport in delivering the value, met with the respective companies in charge of the execution of the work.

Nazareth Neto guaranteed that the financial issue that led to two-year stoppage was over, stressing that the following steps entails the review of other invoices for the operations carried out during 2019.

In turn, the chairman of the Board of Directors of the Port of Cabinda, Samuel Sambo, said he was pleased with the resumption of the works at the Port of Águas Profesas do Caio.

The option to keep the companies Caio Porto and CRBC in the project aims to restart the construction of the port infrastructure, to end the dependence of the province on Economic Port of Point Noire, Republic of the Congo.

The works of the Caio Port Deep Water started in 2015 and saw their interruptions after reaching, in 2017, levels of physical execution above 45 percent, with the construction of more than 400 of the expected 775 meters of quays.

The investment in Caio Port is estimated at more than 800 million dollars, of which 180 million funded by the Sovereign Fund.

Read also
  • 17/12/2019 13:18:47

    Angola plans to refine over 300,000 crude-oil barrels per day

    Cabinda - Angola plans to refine 360,000 barrels of crude oil a day within five years, through a gradual process until 2025 to cut imports and costs of crude by-products processed abroad.

  • 19/09/2019 11:26:05

    Farmers receive coffee and cocoa seedlings under millionaire project

    Cabinda - Farmers of the northern Cabinda province will receive coffee, palm and cocoa seedlings as of October, under the project “Agricultural Value Chain” valued at over US $ 123 million, announced Tuesday Governor Marcos Nhunga.

  • 02/07/2019 18:26:45

    Contract for refinery site signed

    Cabinda - The land rights contract for the construction site of the high-conversion crude oil refinery in Cabinda province was signed Tuesday in this city by the provincial governor of Cabinda, Eugénio Laborinho and the chairperson of the Sonaref executive board, Joaquim Kiteculo.