Zambia–Lobito Railway nears financial close

The Zambia–Lobito Railway project is moving closer to securing financing following President Hakainde Hichilema’s meeting with Africa Finance Corporation leaders in Lusaka. Preferred engineering and construction bidders have been chosen, and letters of intent indicate demand to transport roughly two million tonnes of freight annually. These steps mark progress toward a cross-border rail link with potential to strengthen regional trade and transport connections.

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