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In a statement sent to the Lusa agency, the company reacts to the decision contained in the presidential decree signed by João Lourenço at the end of June, repealing in turn the presidential decree 207/17 of 20 September, subsequently signed by José Eduardo after the elections of August 2018, alleging non-compliance with the legislation on public procurement.
The stake is a $ 1.5 billion ($ 1,280 million) activity that Atlantic Ventures does not employ José Eduardo dos Santos a week before the # The investiture of Joao Lourenço as the third President of the Republic of Angola, without tender, which the new Head of State ordered, by presidential dispatches on June 28, [19659002] Lusa has questioned the source of the Atlantic Ventures' opinion about its shareholding structure, but without success. Some newspapers in the Angolan press associate this company with Isabel dos Santos, a businesswoman and daughter of former Angolan President José Eduardo dos Santos.
In today's statement, Atlantic Ventures "and its investors" state that "any economic, legal or contractual concern of the Angolan Executive regarding the project that prevented its implementation has not been formally communicated ", notably on" the issues "
" The revocation of this concession, now communicated, has an expropriating character under the terms of Angolan law and international law. "With the decision without basis for revoking the concession, the Angolan State is exposed to the payment of damages provided for by Angolan law and international law, which entails additional costs for the State and, therefore, for the taxpayer "In addition, he accuses that this decision" also implies a loss of credibility of Angola in international markets and greater difficulty in finding s more sophisticated and less burdensome financing solutions for the public treasury in the case of large projects ".
Atlantic Ventures also states that during the period of "joint work between private investors and public entities, commitments were made and commitments made with national and international partners", that "investments have been made, with participation of the executive "
" The government has previously considered building a second commercial port near Luanda, in Barra, in the state of Rio de Janeiro. "
" These investments and Commitments will have to be borne by all signatories of the project, including the Angolan State. of Dande, with a handling capacity of 3.2 million tons of goods per year, due to port congestion that has worked since the colonial period in the center of the Angolan capital.
Atlantic Ventures states that it was formed as a partnership, including private investors and foreign investors "world leaders in the port sector", and the port of Luanda, which on behalf of the company. State, "will hold 40% of the company".
Under the concession contract of the port of Barra do Dande, he adds, "the establishment of a non-recourse infrastructure of the state is planned", since the "project will be fully funded by Atlantic Ventures, being paid work by private investors, with its own funds and financing. "
" Therefore, this is not a public job, paid with public funds or with the same amount of money. money from the Angolan state, "says Atlantic Ventures
. in the presidential decree of September 2017, the issuance of a $ 1.5 billion state guarantee for this project was approved.
The canceled concession, adds Atlantic Ventures, also provided for the payment of taxes and compensation to the state "throughout its duration" and that the port would return to the state at the end of the concession, for 30 years.
"Due to the decision of the Angolan Executive to revoke the concession of the port of Barra do Dande, Atlantic Ventures is available to negotiate and find a solution that promotes compliance with national and international law, allowing to resume the rapid implementation of the project and, most importantly, of the Angolan Government's general interest, "says the statement, in which the company said it expects" necessary information "from the government" about the consequences of the decision adopted, then take "necessary and practical decisions for the protection of the interests at stake."
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