Lobito, 5 July 2023 (TDI): The Handover Ceremony of Lobito Corridor was organized by the Municipal Administration of Lobito, Angola. The management of the railway and logistic support was given to the Lobito Atlantic Railway.
Lobito Atlantic Railway will take control of the operation and management of the railway infrastructure and maintain the corridor for the transport of material.
The track extends for almost 1,300 km, from the Lobito port connecting with Zambia and the Democratic Republic of Congo.
Participation of Presidents
João Lourenço, President of Angola invited his Zambian and Congolese counterpart in the Handover Ceremony of Lobito Corridor. Hakainde Hichilema, President of Zambia, and Felix Tshisekedi, President of Congo.
Also Read: President of Zambia visits Tanzania
President João Lourenço said during the ceremony that this corridor will connect Angola, Congo, and Zambia together, which will ultimately boost trade and investment in Africa.
He said that currently out of the world’s total exports, Africa accounts for 14% only. By strengthening its infrastructure, Angola will attract many foreign investors.
Hakainde Hichilema, President of Zambia said in the ceremony that this is an essential project for the region, which will be connecting the mines of three countries with the sea, where to the rest of the world.
He also said that this corridor not only attracts investments but provides employment and the access to sea with the shortest path to better profit from the exports of finished products.
At the Handover Ceremony of Lobito Corridor, the CEO of Trafigura, Jeremy Weir said that this is not only a partnership between three governments but it is a partnership of private companies, Trafigura, Vecturis, and Mota-Engil.
He said that this project has the potential to become the largest corridor in the sub-Saharan region. It has connected three countries now whose leaders have shown commitment by attending the Handover Ceremony of Lobito Corridor.
){kind=link}