Africa-Press – Angola. The ongoing maintenance of Angola’s airports, which impacts the full operation of infrastructure, requires a continuous and permanent line of funding, Manuel Almeida, director of Ghassist, said Sunday in Luanda.
In statements regarding the 3rd Summit on Financing for Infrastructure Development in Africa, taking place from October 28th to 31st in Luanda, the head of the company specializing in aircraft ground handling stated that high costs are necessary for the full operation of an airport structure.
“Holding this summit in Luanda presents a simple opportunity for the authorities to present financing proposals for the air transport sector. Our country needs to make this activity more profitable and prosperous,” he stated. Similar to the financing needs of airport infrastructure, Manuel Almeida also highlighted the support services for the activity, a sector that, in the view of the Ghassist administrator, faces serious challenges.
“All equipment for the aeronautical sector and its support is imported. With all the difficulties in accessing foreign currency, all external financial assistance is of the utmost importance. Maintaining this sector is costly,” he emphasized.
The agenda for the Third Summit on Financing for Infrastructure Development in Africa includes a specific panel on the aviation sector, which will focus on the financing and modernization of airports and the entire civil aviation sector chain on the continent.
The idea will focus on illustrating the African potential of this sector, as well as leveraging the Single African Air Transport Market (SAATM) to create a unified and open airspace, which will significantly boost trade and tourism, according to the event organizers.
The session will bring together airline leaders, policymakers, financiers, and regulators to address financing challenges and policy gaps. They will also identify potential investment areas, such as airport modernization, air traffic systems, and technology, utilizing public-private partnerships and new financing models.
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