Luanda – Angolan Government is considering to invest Usd 8.6 billion in the implementation of its Executive Programme for the Transforming Industry for the 2009/2012 period.

This was announced Thursday in Luanda by the deputy minister of Industry, Kiala Gabriel.

The official was speaking at the National Conference on Transforming Industry that was opened Thursday morning in Luanda by the minister of Planning, Ana Dias Lourenço.

Kiala Abriel said the amount will be channelled to various sub-programmes like those of reconstitution of the human capital taking Usd 86.1 million and creation of infrastructures of support to  development, for which a Usd 397.7 budget has been planned.

According to the deputy  minister, another Usd 4.1 billion will be used in the substitution of imports and foment of exports, while 71.2 million will go for institutional capacity building, whereas 4.2 billion will be spent in the structuring industries.

He said the funds for the implementation of the overall project will come from local and foreign sources.

The state budget is expected to provide Usd 164.8 million, while bank loan will supply 1.6 billion, totalling 1.8 billion.

External sources, according to the official, will secure Usd 6.8 billion.