The USA plans to invest over $1 billion in a 1700-kilometer railway line stretching from the Atlantic Ocean to the Indian Ocean, this is reported by the railway transport news portal Railway Supply.

investments in Africa's railway infrastructure

US Energy Ambassador Amos Hochstein stated that Washington will boost investment funds for the Lobito corridor, a 1700-kilometer railway line to export metals from the Central African Copperbelt region, including the Democratic Republic of Congo (DRC) and Zambia.

The Ministry of Transport of Kazakhstan is preparing a comprehensive port development plan until 2030

In a press release published by the US State Department, officials say the project will be the “first trans-African railway line, stretching from the Atlantic Ocean to the Indian Ocean.”

US officials say $250 million are currently undergoing comprehensive review and will be used to upgrade a 1300-kilometer railway line on the Angolan side.

The renewed US interest in railway connectivity comes days after American mining startup Kobold Metals announced it is exploring partnerships to expedite the development of a new $2 billion copper mine in Zambia.

Copper is a crucial metal used in the production of electric motors, batteries, as well as in the manufacturing of solar panels and wind turbines.

Photo: Thomas_Moore/iStock via Getty Images Plus.

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

The construction of the European railway to Lviv will begin in 2024

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit