US-backed Lobito Corridor project set for construction as AFC secures $753m
AI Summary
The Africa Finance Corporation finalized a $753 million financing package to rehabilitate and operate the 1,300 km Lobito Corridor railway linking Angola to the DRC border. The project is expected to start construction soon, marking a major infrastructure and logistics development in the region.
The Africa Finance Corporation has successfully closed a $753m financing package to rehabilitate and operate the 1,300-kilometre Lobito Corridor railway linking Angola to the DRC border.
World Markets Deals Real Estate Shipping Africa Finance Corporation Lobito Corridor railway rehabilitation Angola DRC financing infrastructure