Lobito Atlantic Railway's port and railway line rehabilitation

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This project involves the modernization and expansion of the Lobito Atlantic Railway in Angola. The project scope includes the rehabilitation of the existing mineral port in Lobito and the refurbishment of approximately 1,300 km of brownfield rail infrastructure connecting the Lobito port to Luau on Angola’s eastern border. This development aims to strengthen critical mineral supply chains, increase rail transport capacity, and reduce freight transit times and costs, enhancing regional trade and connectivity. The total project investment stands at $800 million and is sponsored by the U.S. Government through the U.S. International Development Finance Corporation (DFC) with commitment of up to $553 million in financing. Financial close is achieved in October, 2024. https://www.dfc.gov/media/press-releases/dfc-announces-investments-supporting-development-along-lobito-corridor