Africa-Press – Angola. The Minister of Transport, Ricardo D’Abreu, met, this Wednesday, in Luanda, with representatives from Deutsche Bank and the Development Finance Corporation (DFC), within the framework of the need to finance structuring projects in the sector.
During the working meeting, representatives from Deutsche Bank, a German bank, and DFC, an American financial institution, assured the availability of funds to jointly contribute to the construction of structural projects in Angola, with emphasis on transport.
According to a note from the Ministry of Transport this Thursday, projects implemented by private sector companies – individually or organized in consortia – are eligible for this financing.
During the meeting, the portfolio holder presented the financing needs for the continued implementation of the National Master Plan for the Transport and Road Infrastructure Sector in partnership with private entities.
Of the projects presented, he highlighted the connection of the country’s three railways, namely Luanda, Lobito and Moçâmedes, in Malanje-Kuito-Menongue, the construction of the Luena-Saurimo railway line and the construction of two new airports in the regions of Cazombo and Mavinga , as they are regions with high tourist potential and privileged border locations.
Ricardo Viegas D’Abreu also recalled the Government’s commitment to regulating the sector over which he presides, so that multinational companies could look at projects as unique investment opportunities.
“To date, and to give shape to our Master Plan, we have carried out an extensive set of structural reforms, namely the creation of a new architecture of regulatory bodies”, he recalled.
These are reforms that gave rise to ANAC, National Civil Aviation Association, AMN- AgênciaMarítimaNaciona, ANTT- Land Transport Agency, among others, which allow the State to focus on its role as supervisor, regulator, inspector and defender of the market economy, promoting the participation of the private sector.
In turn, Marlena Hurley, responsible for the political risk insurance and reinsurance area in the DFC’s Structured Finance and Insurance Department, said that the United States wants, in partnership with Deutsche Bank, to identify investment opportunities in specific projects in the sector of transport in Angola, in addition to the Lobito Corridor.
The area he oversees, he said, has the capacity to guarantee and minimize the cost of financing that companies need, as well as to minimize the political risk associated with the country as it is covered by the corresponding insurance.
Marlena Hurley was joined by Maryam Khosrowshahi, co-responsible for Deutsche Bank’s investment area for Africa, who suggested holding meetings in Frankfurt, later this year, between teams from the Angolan Ministry of Transport, private investors and those responsible for the institution. financial institution to which it belongs.
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