CMS LBR advises Unicargas on Port of Luanda concession

CMS LBR advised Unicargas in the renewal of the Management and Operation Concession Contract for the Port of Luanda Multipurpose Terminal with the Luanda Port Authority.

CMS LBR's support also involved the joint venture agreements signed between Unicargas and Abu Dhabi Ports Group (ADP) regarding the Multipurpose Terminal, Unicargas' logistics, road transport and freight forwarding activities, and the operation of the Catumbela Air Cargo Terminal.

According to the speeches made by the Minister of Transport and the ADP representative during the ceremony to sign the legal instruments, ADP is expected, in the initial phase, to invest 251 million dollars for the modernization of the Multipurpose Terminal, with the prospect that the it could reach 410 million dollars by the end of the concession period.

 CMS LBR had a team led by Partner Luís Borba Rodrigues, which also included Nuno Mansilha, Partner at CMS Portugal.

 For Luís Borba Rodrigues, "It's an honour to have advised Unicargas on this particularly important operation", which he sees as an opportunity to speed up the process of modernizing and expanding the Port of Luanda and its logistics infrastructure and thus transform Angola into a key player on the global maritime trade scene.