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Rail consortium will improve Angola trade

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Copper being delivered via rail to Lobito in Angola. Image credit: Trafigura

Rail consortium will improve Angola trade

A consortium comprising Trafigura, Mota-Engil Africa and Vecturis has signed a 30-year agreement for the concession of rail services and logistical support for the Lobito corridor.

The Lobito corridor is a key route connecting rail access from the Democratic Republic of the Congo (DRC) to the Lobito port in Angola and to international markets.

The Consortium will be responsible for the exploration, management and maintenance of the rail infrastructure for the transport of goods, minerals, liquids and gases for the corridor that runs for approximately 1,290 km, connecting the Lobito port to Luau, in eastern Angola, close to the border of the DRC.

As part of the agreement the consortium has committed to invest significant capital in improving the rail infrastructure to improve the capacity and safety of the Lobito corridor, as well as to invest in significant rolling stock for freight operations.

With an initial term of 30 years, the agreement provides for a total investment of USD450-million, plus additional operating and capital expenditures. The headline figure includes USD100-million for the initial concession premium; USD170-million for infrastructure; and USD170-million for rolling stock.

The consortium will take over responsibility for the concession when the conditions precedent of the agreement are met in the months ahead.

The project is expected to create more than 1,600 jobs while providing fundamental infrastructure for the future of Angola and for the further development of international trade in Africa.

Rail consortium will improve Angola trade

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Rail consortium will improve Angola trade

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