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Lobito Atlantic Railway lands $753M loan

DFC and DBSA financing for the refurbishment of 1,300km of Angolan railway corridor

James Stent
Front row at the signing ceremony, from left: DFC chief executive Ben Black; Mota Engil deputy chief executive Manuel Mota; Trafigura chief executive Richard Holtman; and DBSA group executive for transacting Mpho Mokwele

Front row at the signing ceremony, from left: DFC chief executive Ben Black; Mota Engil deputy chief executive Manuel Mota; Trafigura chief executive Richard Holtman; and DBSA group executive for transacting Mpho Mokwele | Credits: DBSA

The US International Development Financial Corporation (DFC) and the Development Bank of Southern Africa (DBSA) will provide the Lobito Atlantic Railway (LAR) with a loan of US$753 million to rehabilitate...

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