Toyota Tsusho’s Angola Contract Includes Dredging

Toyota Tsusho Corporation inked a contract with the Ministry of Transports of the Republic of Angola last month for the comprehensive development of Namibe Bay.

The project comprises two parts: first, the rehabilitation of the Saco Mar iron ore export terminal; and, second, the expansion of the Namibe container terminal, which is located on the opposite shore to Saco Mar

According to their official announcement, this will be Toyota Tsusho’s first port development project in Angola.

The contract amount is approximately $642 million and part of this value is scheduled to be financed by the Japan Bank for International Cooperation (JBIC) and private financial institutions which will include Export Credit Line from the Nippon Export and Investment Insurance (NEXI).

Construction work on the bay is expected to be completed approximately three years after the effective date of the contract.

The project will include the following works:

  • Rehabilitation of the Sacomar iron ore export terminal: construction of new jetty, development of backlands, etc.;
  • Expansion of the Namibe container terminal: construction of new container terminal, dredging, supply and installation of container cranes, etc.

 

Share this article

Follow Dredging Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

read more >

Jobs>

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply