CONSORTIUM OF INVESTORS <\/strong><\/p>\n\n\n\n The concession contract for the Lobito Corridor is for a period of 30 years, becoming a milestone for the development and optimization of the railway transport and logistics sector. <\/p>\n\n\n\n The consortium has available USD 500 million to invest in all assets granted with the operation and maintenance of rail freight transport and the maintenance of infrastructure along its 1,330 kilometers stretch. <\/p>\n\n\n\n The main objective is to transport processed and unprocessed mineral products from the Copperbelt region, downstream (Luau\/Lobito) for exportation to the international market; the transport of refined petroleum derivatives (diesel and gasoline) in the upward direction (Lobito\/Luau) to meet the import needs of Zambia and the DRC, as well as the transportation of general cargos and containers to the main points of commercial exchange.<\/p>\n\n\n\n POTENTIAL OPPORTUNITIES IN THE CORRIDOR <\/strong><\/p>\n\n\n\n Its potential could boost the global GDP of the three countries by around 177 billion dollars corresponding to 25% of the Member States ofthe Southern African Development Community \u2013 SADC. <\/p>\n\n\n\n This initiative will have a greater impact on the populations living along the Lobito Corridor in Angola (Benguela, Huambo, Bi\u00e9 and Moxico), in the DRC (Kolwezi, Likasi and Lubumbashi) and Zambia (Solwezi, Kitwe and Ndola). <\/p>\n\n\n\n The three countries have already created a Lobito Corridor Transit Transport Facilitation Agency, as a management instrument with harmonized laws, policies, regulations and systems whish include development infrastructural in line with the SADC Protocols Treaty. <\/p>\n\n\n\n Abuja, 03\/JUL\/2023 Lobito Corridor, the largest railway, port, airport and road infrastructure complex, will be awarded this Tuesday, July 4th, to a consortium of investors to explore and modernize<\/p>\n","protected":false},"author":1,"featured_media":7101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":236},"categories":[15],"tags":[],"class_list":["post-7100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","yoast_head":"\n
The Private Investor Consortium comprisesVecturis, Trafigura and Mota Engil\u00a0companies, which in the first five years plans to transport three million tons of different cargos\u00a0and increase to ten million in the next ten years of activity. \u00a0<\/p>\n\n\n\n![\"\"](\"https:\/\/angolanembassy-nga.ao\/wp-content\/uploads\/2023\/07\/b843d630-e6c7-4541-afb0-dacf7f68a71c.jpeg\")
<\/figure>\n\n\n\n
The challenges of the Lobito Corridor are based on a combined population of over 140 million (Angola, DRC and Zambia), representing more than\u00a040% of\u00a0SADC sub-region. \u00a0<\/p>\n\n\n\n![\"\"](\"https:\/\/angolanembassy-nga.ao\/wp-content\/uploads\/2023\/07\/e39381c5-d46f-4ea8-b818-4f98b45d4606.jpeg\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/angolanembassy-nga.ao\/wp-content\/uploads\/2023\/07\/a53f6b73-e71f-454e-9c2a-ae8787cca053.jpeg\")
<\/figure>\n\n\n\n
The railway line that connects Lobito (Atlantic Coast) to Luau is the longest\u00a0in Angola with a length of 1,330 km. The reactivation of the Lobito Corridor will improve\u00a0regional integration and the commitments of the Southern\u00a0sub-region with the possibility of future Atlantic-Indian interconnection, with rail connection to the Portsof Dar-es-Salam, in Tanzania and Beira, in Mozambique .<\/p>\n","protected":false},"excerpt":{"rendered":"