The Ministry of Transport of the Government of Angola has announced the award of the concession tender for rail services and logistics support for the Lobito Corridor, a key route connecting mines in the Democratic Republic of the Congo (DRC) to the Lobito port in Angola and international markets beyond. The 30-year concession, with the potential of a 20-year extension, has been awarded to a consortium comprising Trafigura Pte Ltd (“Trafigura”), a market leader in
Angola’s ministry of transport has awarded a tender to a Trafigura consortium to operate and expand rail infrastructure to speed up commodity imports from the Democratic Republic of Congo. Congo, Africa’s biggest copper producer, exports copper, cobalt, and other metals in trucks via Tanzania or South Africa, which takes several weeks because of congestion and customs delays. As part of a 30-year concession agreement, the consortium has agreed to invest $256 million in infrastructure, $73
The Government approved financing agreements worth more than two billion euros for water supply infrastructure, hydroelectric use and projects in the field of agriculture. The largest financing agreement, in the amount of 1,519 million euros, refers to the implementation of the Caculo Cabaça hydroelectric plant, according to presidential orders signed by João Lourenço and consulted by Lusa. A loan of 1,380 million euros is planned from a banking consortium comprising the banks Unicredit and Commerzbank,
Workers at the Angolan hydroelectric project of Caculo Cabaça and the management of the Chinese contractor China Gezhouba Group Company (CGCG) signed a collective agreement to improve working conditions. Following protests at the site that resulted in fatal clashes between workers and the police, the agreement was signed in the presence of the Angolan Minister of Energy and Water, João Baptista Borges, who suggested, on the occasion, the creation of a monitoring committee “to verify
