Sinotrans invests over USD 30 million in Angola

Lobito – The investment by the Chinese logistics company Sinotrans in Angola has already exceeded USD 30 million in the last eleven years, said Friday in Lobito, its deputy general director Tchum Long Ning.

The official was speaking at the ceremony of delivery of the first batch of 60 wagons supplied to the Benguela Railway (CFB) by Sinotrans Angola.

Tchum Long Ning said that with the strong support of the Government and various partners, the Chinese company has seen significant growth since it entered Angolan territory in 2008.

He also indicated that the very significant investment is associated with several projects, the most recent being the production in China of 60 freight wagons for CFB and the implementation in Luanda of a logistics support warehouse for other provinces.

The Chinese official noted that Sinotrans was a partner of the state in the construction of Kilamba, Sequele and other centralities throughout the country, having worked in the logistics of goods from China for the implementation of these projects linked to the Angolan state.

On the other hand, he announced that the investment cooperation between Sinotrans and the Benguela Railway should be raised to a reference model in terms of public-private partnership in Angola.

Source: Angola Press News Agency