UK Export Finance (UKEF) funds four projects in Angola covering air transport, road infrastructure and electricity. The operation must also generate 167 million pounds of contracts for British companies.
UK Export Finance (UKEF) announced on 8 September a financing of £655 million, or approximately €762 million, for four infrastructure projects in Angola. The envelope covers the design and construction of the new international airport of Cabinda, the rehabilitation of the Camama-Viana road in Luanda province, as well as two projects related to the transmission and distribution of electricity.
According to UKEF, the scheme is intended to enable British companies to obtain 167 million pounds of contract and subcontracting.
The Cabinda airport project accounts for the largest share of funding, with £371 million spent on infrastructure design and construction. Directed by the Innovo Group, the site must mobilize UK suppliers as subcontractors and support 830 local jobs during the construction phase.
In Luanda, £73 million is earmarked for the rehabilitation of the Camama-Viana road. The work includes the construction of the pavement, stormwater drainage systems and drainage works.
The energy component represents £211 million. In the Uíge province, £93 million will finance the construction of associated transport lines, substations and infrastructure. The project, carried out by the Spanish company Elecnor, includes 5,000 domestic electrical connections and installation of public lighting.
A second envelope of £118 million is devoted to a high-voltage power line linking Belém do Dango, Huambo province, Lomaum, Benguela province. This infrastructure must extend the national grid and facilitate the transmission of electricity between the two provinces.
This operation is part of a financing relationship undertaken by UKEF in Angola since 2018. Since then, the UK agency has provided over £2 billion in support of Angolan projects in the health, energy, water, agriculture and infrastructure sectors.
The new funding comes in parallel with the United Kingdom-Angola Trade and Investment Forum, held in London on 9 September, with the participation of government representatives, business, investors and financial institutions from both countries.
