The Lobito Corridor Railway Project has reached a significant milestone with the successful US$753 million financial close, marking a major step forward for one of Africa's largest transport infrastructure investments.
The financing package, led by the Africa Finance Corporation (AFC), will support the rehabilitation, upgrade, operation, and maintenance of approximately 1,300 km of railway linking the Port of Lobito in Angola to the border with the Democratic Republic of Congo.
The project includes:
• A US$753 million financing package led by AFC.
• US$553 million in funding from the U.S. International Development Finance Corporation.
• US$200 million from the Development Bank of Southern Africa (DBSA).
• The rehabilitation, upgrade, operation, and maintenance of approximately 1,300 km of railway infrastructure.
• Strengthening the Lobito Corridor as a key regional transport and trade route.
• Supporting greater private sector participation in African infrastructure development.
The financial close represents a major milestone for the Lobito Corridor and demonstrates continued collaboration between African and international financial institutions to deliver strategic infrastructure projects. Once implemented, the railway is expected to enhance regional connectivity, improve freight movement, and contribute to long-term economic development across the corridor.
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