The regional importance of the Lobito corridor discussed in a webinar

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The regional importance of the Lobito corridor discussed in a webinar

Senior staff from the Ministry of Transport and General Tax Administration discussed, in a video conference, the importance of the infrastructures that confirm the Do Lobito Economic Development Corridor. The motto was ‘’ The importance of the Lobito Corridor in the context of the Regional economy ’’

As Director General of the Lobito Corridor Office, Jesus Martins presented the infrastructure, highlighting its importance in the context of the Regional economy. “As a member state of SADC Angola, through this important corridor, it will develop a large part of future trade in the scope of the Free Trade Zone membership. that will allow the holders of transport infrastructures and other productive infrastructures of the regional economy to materialize export / import mobility involving specialized services that will facilitate the harmonious development of cross-border economic activity and customs transit, between Angola and the DRC-Democratic Republic of Congo ”, He explained.

He said that in a first phase, also directly, after the rail link between Angola and Zambia was completed (there is already an EVP-Preliminary Feasibility Study), and also indirectly with third countries in the Southern Hemisphere. Allowing important trade relations and economic integration in the Southern AFRICA Development Community (SADC).

Jesus Luís Nelson Martins also spoke about the existence of other corridors in the region, some of which competing with Lobito.

Before finishing his explanation, the DG of the Lobito corridor made it known that “the Corridor’s performance is far below its potential, as it handles an average of 120 thousand tons of cargo per year when it has the potential to handle 2 million tons of load per year with a tendency to grow even more. In order to make the Corridor more dynamic and preferential for customers, especially in the mining industry in neighboring countries (DRC and Zambia), a process of opening up to the private sector is underway in order to allow them to participate in the operation of the Corridor through the Railway and Maritime Port Subsectors ”, he announced.

With regard to the socio-economic impact of the Corridor on national territory, the senior staff of the Ministry of Transport made it known that the reopening of the activity of the Lobito Corridor allowed greater regional cohesion, and has an increasingly greater socio-economic impact on the lives of communities , of the four (4) Provinces that make up the territory of the Corridor (Benguel, Huambo, Bié and Moxico), which benefit from the trade in services offered by the Corridor mainly through the transport services regularly sold by the Benguela Railway (CFB).

Equally speaker, Celso Rosa, PCA of Porto do Lobito, said that the platform he runs underwent expansion, rehabilitation and modernization works from 2008 to 2012, and is today a port complex with 2269 meters of quay, with a depth that varies between 10.5 to 34 meters.

In addition, the port manager added, it is considered one of the most stable ports on the west coast of Africa because it benefits from the very nature of Lobito Bay, which facilitates navigation and its maneuvering of ships in Porto.

“Its importance is based on its location in relation to shipping lines with other continents, the natural conditions of the bay where it is installed, the safety of the ships that demand it and the fact that it is connected to the trans-African rail system through the Benguela Railway ”, listed the advantages.

He says that its infrastructures are driving regional development because, with the rehabilitation of the Benguela railways, which connect to Porto and which border the Democratic Republic of the Congo and Zambia, it will certainly allow exports of ores from these countries to other continents with transit through Angola, as well as commercial articulation with these neighboring countries.

The Regional Director of the 4th Tax Region AGT, Milton Costa – who was in charge of addressing the tax impact (internal) that CL has on tax revenue, stressed that the direct activity of the institution he represents in CL is of a customs and what fiscal impact comes from the advantages of the Lobito corridor for the increase in trade that ends up culminating in an increase in the productivity of national companies (both those that operate directly with the port and the CFB) as well as those producers that increasingly use that goods transport vehicle, with the consequence of increasing its income thus leading to greater taxation of taxes. He also said that it is in this sense that economic agents based in Huambo and Bié are sensitizing themselves to increasingly carry out their dispatches at the AGT Customs Points in those provinces.

 

 

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