Posted on 10 January 2017
A consortium of Dutch dredging company Van Oord and Angolan company Urbinveste – Promoção e Projectos Imobiliários has been awarded a contract for the design and construction of the Marginal da Corimba project in Luanda, Angola.
The contract has been signed with the Angolan government and for Van Oord’s share of 400 million US dollar it contains a financing agreement arranged by ING Bank and a credit insurance provided by Atradius Dutch State Business.
The growing number of inhabitants and vehicles requires the capital city of Luanda to expand and provide solutions to alleviate the current congestion issues.
The Marginal da Corimba project aims to revitalize the area of Samba, Corimba and Futungo de Belas, with the purpose of improving the quality of life of the population.
The new area will serve the purpose for the construction of the Marginal da Corimba highway, future fishery port, marina and real estate development.
Therefor an area of 400 hectares will be reclaimed along the coast of Luanda and will be protected by various rock revetments and breakwaters.
The rock required for the project will be procured from local quarries.
Van Oord will deploy various dredging equipment on this project which is expected to be completed mid-2019.
This news item was originally published on the website of Van Oord.
Read also on this website
● Van Oord signs agreement on construction deep-water port Porto Central, Brazil, 14 October 2016
● Van Oord completes ground improvement on reclaimed land for Al-Zour refinery, Kuwait, 5 September 2016
● Boskalis awarded three port and river dredging contracts in Angola, Gabon and Senegal, 25 June 2015
Rotterdam, the Netherlands
+31 88 826 00 00