# DP World signs $190M concession for Port of Luanda terminal upgrade

DP World signed a 20-year concession agreement with the Angolan government to operate and modernize the multipurpose terminal at the Port of Luanda, with a $190 million investment over the concession period. The project includes new equipment and technology upgrades.

- Type: Contract
- Announced: 2021-01-01
- Where: Luanda, Angola
- Value: $190.0M
- Status: announced
- Capacity: 700,000 TEUs per year
- Products: port terminal services, container handling
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [DP World](https://endata.com/companies/7783.md)
- [Government of Angola](https://endata.com/companies/53239.md) (partner)

## Sources

- [constructionreviewonline.com](https://constructionreviewonline.com/port-of-luanda-terminal-in-angola-to-undergo-an-upgrade/), 2021-02-15: "The government of Angola and Dubai Ports (DP) World signed a US $190m contract to modernize the multipurpose terminal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.