Head of State Announces Meeting on Lobito Corridor Financing

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Head of State Announces Meeting on Lobito Corridor Financing
Head of State Announces Meeting on Lobito Corridor Financing

Africa-Press – Angola. The Angolan Head of State announced on Monday (09) that a meeting to mobilize resources for the Lobito Corridor will be held this month in Rome, with the Prime Minister of Italy, Giorgia Meloni.

According to the Head of State, the meeting, which will take place within the framework of the Mattei Plan, will also be attended by the President of the European Union Commission, Ursula Von Der Leyen.

He stressed that the Lobito Corridor is one of the Angolan Government’s important investments that has particularly attracted the attention of the Western world (Europe and the United States of America).

“From the moment we made the decision to open the public tender for the concession of the line and the decision to connect it to the Tanzania Railway to connect the two ports, in the western part of the continent, which is the Port of Lobito, and in the eastern part of the continent, the of Dar Es Salaam Port, we saw the interest that this aroused, especially in the Western world”, he said.

He noted that this major investment by the Angolan government has been taking very concrete steps to ensure that this dormant dream becomes a reality as soon as possible.

About the Lobito Corridor

The Lobito Corridor is a strategic route of great economic and logistical importance for Angola, neighboring countries and the Southern African region.

It connects the Port of Lobito, Province of Benguela, located on Angola’s Atlantic coast with the territory’s interior regions and countries such as the Democratic Republic of the Congo (DRC) and Zambia.

It serves as an essential route for the export and import of goods, particularly minerals such as copper, cobalt and other resources mined in the DRC and Zambia.

The Port of Lobito provides access to the global market, reducing logistics costs for these countries.

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