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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 Lobito Corridor will be an upgrade and extension of a railway line from the copper and cobalt mines of northern Zambia and southern Congo to Angola’s Atlantic Ocean port of Lobito, a route ...
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.
Biden announced that the US will invest an additional $560 million for projects along the Lobito corridor, from continued infrastructure upgrades to helping build mobile networks.
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]
Two trains per day run between Lobito and Benguela, one per week to Huambo, and three per week between Lobito and Cubal. [26] On 5 March 2018, ore transport was restarted from the Tenke Fungurume Mine, in the DRC, from where copper and cobalt are extracted, and the cargo transported to the port of Lobito.
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 ...