February 7, 2024
Revitalizing Africa: Ivanhoe, Trafigura Pioneer New Rail System
Revitalizing Africa: Ivanhoe, Trafigura Pioneer New Rail System
Biden Administration Backs African Rail Revival Investing in the future always means safeguarding the past. In a bold move to rejuvenate a century-old rail line that connects vital African mines to the Lobito port, the Biden administration is committing $250 million to breathe new life into this historical artery, bolstering the continent’s economic potential. Expanding Rail Connections: A Strategic Move Anticipating a momentous expansion of the railway network, the administration is also funding a project to link the railway into Zambia. This endeavor, which estimates suggest will cost $1.6 billion, demonstrates a forward-looking approach to infrastructure development and regional connectivity.
