Africa Angola Aviation Economy Finance Government Privatisation

Angolan Airlines privatization set for 2022

The privatization process of the Angola Airlines company (TAAG) is scheduled for 2022, said on Monday the minister of Transport, Ricardo D´Abreu.

The Transport minister was speaking at a meeting with journalists, held on the occasion of the 44th anniversary of the creation of the Ministry of Transport marked, last November 23rd.

On the occasion, he stressed that the privatization of the Angolan flag carrier is part of the State Asset Privatization Programme (PROPRIV).

Meanwhile, in 2018 President João Lourenço approved the transformation of TAAG into a commercial company (limited liability company), to enable investors to enter.

Making a foray into the sector’s structuring projects, Ricardo D´Abreu said that the works for the new Luanda international airport will resume in early 2021 and will be completed within two years.

Currently, said the official, the conditions are being created for Chinese builders to return to the country in January, in order to continue with the contract.

Also read: Angola’s state airline TAAG maintains scheduled flights

Rail transport

Regarding the railroad sub-sector, the launching in December of this year or January 2021 of the tender for the concession of rail infrastructure and services for the Benguela Railways (CFB), in a first phase and afterwards in Luanda (CFL), is also in the pipeline.

Within the scope of a plan called “Corredor do Norte Project”, it is intended to ensure that the three rail lines, from Luanda, Benguela and Namibe, have a connection with neighbouring countries, through public-private partnerships (PPP).

Aiming at better performance of the sector, the Secretary of State for Transport, Jorge Bengue, revealed today that the Government has acquired 10 modern automotive units to replace the current ones in circulation in the urban network.

Of the total, the province of Luanda will have four locomotives and Benguela and Huíla three each.

Source: Angop

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