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The Zambia-Lobito Rail Project
railway
Cities
Luau
Angola
Solwezi
Zambia
Chingola
Zambia
Distance
830km
new
830kmrehabilitated
– kmexisting
– kmCost
$1b
$1,000,000,000
Phases
planned,
Objective
The rail link will cut travel time from the Copperbelt to international markets from 45 days to just seven, significantly lowering costsDescription
To extend the Lobito railway through Zambia’s Copperbelt. This entails the construction of an 830km greenfield rail line connecting the Benguela rail line in Lucano, Angola, to the existing Zambian rail line in Chingola.History
Africa Finance Corporation (AFC), a leading infrastructure solutions provider, signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the railway project. The agreements, which were signed in a ceremonial signing hosted by U.S. Secretary of State Antony J. Blinken and the Biden Administration’s G-7 Partnership for Global Infrastructure and Investment (PGI) in Sept 2024Finance
$500000000 loan
Africa Finance Corporation
Bank
Operators
The Lobito Atlantic Railway company
Company