Africa-Press – Angola. The European Union (EU) reaffirmed on Saturday (28), in Luena, its release of more than €400 million for the modernization of the Lobito Corridor, mainly in the railway line and construction of commercial infrastructures.
The statement was made by the project manager of this organization in Angola, Paulo Leitão, when speaking at the end of the National Business Forum held in Luena, which addressed the importance and business opportunities along the Lobito Corridor.
On the occasion, he said that the EU has invested in the Lobito Corridor, carrying out maintenance and conservation of the Benguela Railway (CFB).
Paulo Leitão explained that the EU’s support also involves the component of economic diversification, in addition to the component of improving governance in Angola.
He reiterated that investment along the provinces that are part of the Lobito Corridor (Benguela, Huambo, Bié, Moxico and Moxico Leste) is fostering decent employment for young people, social responsibility and increasing the flow of freight trains on this railway line.
Paulo Leitão also explained that the EU’s investment also includes the agricultural sector, preservation of maritime ecosystems, rivers, the environment in general and micro and small businesses.
The idea behind this purpose is to attract private investment to Angola and he stressed the importance of creating solid commercial bases in these regions of the country.
In an initiative of the Chamber of Commerce and Industry of the province of Moxico, the forum brought together businesspeople from the provinces that are part of the Lobito Corridor (Benguela, Huambo, Bié and Moxico) as well as from the provinces of Malanje, Luanda, Lunda-Sul and Lunda-Norte.
The Lobito Corridor is a national transport infrastructure project focused on the rehabilitation and modernization of the Benguela Railway Line (CFB) and adjacent tracks.
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