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The U.S. and South Africa are investing $753 million to upgrade Angola’s Lobito railway to boost mineral exports and counter Chinese influence.
The U.S. International Development Finance Corporation and the Development Bank of Southern Africa have committed $553 million and $200 million respectively to refurbish Angola’s Lobito railway, part of a larger project to transport copper and cobalt from the DRC and Zambia to the Atlantic via Lobito port.
The 1,289-km rail line upgrade aims to boost mineral transport capacity to 4.6 million metric tons annually, cut shipping costs by up to 30%, and strengthen U.S.-Africa economic ties amid efforts to counter Chinese influence in African infrastructure.
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Los EE.UU. y Sudáfrica están invirtiendo 753 millones de dólares para mejorar el ferrocarril de Lobito de Angola para impulsar las exportaciones de minerales y contrarrestar la influencia china.