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The US is providing hundreds of millions of dollars of financing for the Lobito Corridor, a flagship of the PGI, which is built on the bones of the Benguela Railway. “This first-of-its kind ...
LOBITO, Angola (Reuters) -U.S. President Joe Biden met African leaders in the Angolan port of Lobito on Wednesday to advance a plan to extend a railway that could channel critical minerals from ...
The push comes as the Biden administration has tried to ramp up its work in Africa, including $4 billion in US investments in the Lobito Corridor, as China has built up influence in the continent ...
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LUANDA (Reuters) - U.S. Secretary of State Antony Blinken hailed progress in the construction of the Lobito Corridor, a rail link key to metals exports from the central African Copperbelt, during ...
The Lobito Atlantic Railway is a joint venture between Trafigura, Mota-Engil, and Vecturis, an independent rail operator. Trafigura plans to invest $455 million in Angola and up to $100 million in DR Congo. [2] [3] We see the Lobito rail corridor as a partnership between the private and public sectors.
The Lobito–Dar es Salaam Railway is a planned narrow gauge railway line that connects the Angolan port city of Lobito to the Tanzanian port city of Dar es Salaam, through the Zambian city of Kapiri Mposhi. [1] It is an African transcontinental railroad connecting the Atlantic and Indian oceans and it is financed by China. [2]
The Biden administration has called the corridor one of the president’s signature initiatives, yet Lobito’s future and any change in the way the United States engages with a continent of 1.4 ...