Van Oord awarded contract Marginal da Corimba land reclamation project in Luanda, Angola
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.
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