Speaking on the sidelines of the 17th US-Africa Business Summit, which runs until Wednesday in Luanda, Conor Coleman stated that the teams are "working tirelessly" to ensure that this project is carried out, with almost daily discussions with the Angolan authorities and the LAR (Lobito Atlantic Railway) consortium, which holds the concession.
He added that any changes to the DFC will not impact the development of this project and that the US administration, under President Donald Trump, remains very committed to the Lobito Corridor.
The Development Finance Corporation (DFC) is a US institution that is expected to finance the Lobito Corridor with around 553 million dollars to modernize the railway that is the basis of the project.
This strategic infrastructure crosses Angola from the port of Lobito (west coast) to the border with the Democratic Republic of Congo (DRCongo), also connecting to Zambia, via a railway line and other logistical facilities.
In addition to the corridor, DFC is currently providing technical assistance to Pensana for feasibility studies on the expansion of the Longonjo rare earth mine in Angola, and is in talks on other projects, particularly with the Carrinho Group, linked to the agro-industry.
