During the conference titled “Revitalization of Transport and Export Processes for Iron Ore and Ornamental Rocks in Southern Angola” on December 7th in Menongue, 84 attendees stressed the critical necessity of establishing railway connections in the region. Their focus was on expanding the Moçâmedes Railway (CFM) to create links between Menongue-Malanje (extending further to Zambia) and connecting Namibe to a terminal in Namibia. They urged for a link between Menongue-Malanje
Category: Railway News
USD 956 MILLION NEEDED FOR THE MODERNIZATION OF THE MATADI-KINSHASA RAILWAY
The Matadi-Kinshasa railway modernization project necessitates a budget of $956 million, as revealed by Adel Kayinda, Minister of State and Minister of Portfolio, during the recent Council of Ministers meeting held on February 16, 2024. Kayinda outlined the essential steps required for the successful execution of this transformative railway project in the Democratic Republic of Congo (DRC), emphasizing positive assessments from the Analysis Commission regarding technical, financial, and legal aspects.
U.S. and China Back Competing Rail Corridors to Zambia’s Copper Belt
The U.S government has given new commitments in the development of the Lobito Corridor, which is proposed as a critical trade route to facilitate movement of green energy resources in the Southern Africa region. At a forum last week in Lusaka convened by the G7’s Partnership for Global Infrastructure and Investment (PGI), the U.S. International Development Finance Corporation (DFC) announced new financing support for the corridor, which extends across Angola,