UKEF secures orders by backing Angolan hospital

The UK’s export credit agency, UK Export Finance (UKEF), has announced that it is providing £130 million in support for the construction of a new specialist burns hospital in Kilamba, Angola.

The deal between UKEF and the Angolan Ministry of Finance, supported by Standard Chartered Bank and Lloyds Bank, will, it said, bolster trade ties between the UK and Angola. The terms of the deal mean that 40% of the project will be fulfilled by UK suppliers — totalling over £50 million in potential export opportunities for domestic businesses.

The contract has been awarded to ASGC UK Limited. It will be acting as the management contractor and will be responsible for securing the 40% of UK exports which will include building materials, electrical equipment and medical supplies.

UKEF’s newly-appointed CEO, Tim Reid, said: “This support shows once again the leading role the UK plays when it comes to exporting world-leading expertise in project development and medical equipment. Working with the Angolan government and Standard Chartered Bank, we are proud to demonstrate how British ingenuity can enhance healthcare for communities abroad whilst helping UK businesses export their best-in-class goods and services”.

The project is part of the Angolan government’s National Development Plan for 2018‒22. The UK Government support will bolster the city and surrounding region’s response to burns victims and improve overall medical capacity in the region.

The hospital, which will be a seven-floor, 250-bed facility with a dedicated ward for the treatment of burns, is expected to open after a five-year construction project.

Paul Woodman, Managing Director of ASGC UK, said: “During 2022, we successfully handed over three new hospitals to the Ministry of Health — also supported by UK Export Finance — and we are honoured that the same client has entrusted us to deliver another important healthcare facility for the people of Angola.”


 

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