Home Southern Africa USAID   Chief Stresses Early Completion Lobito Corridor Project to Connect Angola with...

USAID   Chief Stresses Early Completion Lobito Corridor Project to Connect Angola with DRC

23
USAID Chief Stresses Early Completion Lobito Corridor Project to Connect Angola with DRC

(3 Minutes Read)  

Samantha Power underscored the United States’ support for the Lobito corridor project. It is a vital component of the Global Infrastructure and Investment Partnership aimed at connecting the Democratic Republic of Congo and Zambia to regional and global markets through the port of Lobito

Samantha Power, the Administrator of the U.S. Agency for International Development (USAID), recently visited Angola, to hold bilateral talks for enhancing economic cooperation between the two countries. Along with Angolan President Jose Eduardo dos Santos, she toured the port of Lobito and the Benguela railway.

Samantha Power underscored the United States’ support for the Lobito corridor project. It is a vital component of the Global Infrastructure and Investment Partnership aimed at connecting the Democratic Republic of Congo and Zambia to regional and global markets through the port of Lobito. Successful public tenders for private sector participation called for the project to commit hundreds of millions of dollars to this region.

During her time in Benguela, Samantha Power engaged with local farmers and government partners, emphasizing the significance of the Lobito corridor in promoting economic growth and development in the region.

The Lobito corridor, managed by the “Lobito Atlantic Railway” consortium under a 30-year privatization agreement, encompasses the port of Lobito, the mining terminal, and the Benguela railway, spanning 1,344 kilometers to the eastern border of Angola in Luau.

Read Also:

https://trendsnafrica.com/angola-invites-chinese-tourists-investments/

The United States and the European Union are major partners in the Lobito corridor initiative, demonstrating their commitment to promoting economic development and regional integration in Africa.

USAID has allocated US$5 million to support female farmers in four provinces within the corridor, fostering greater transparency in public procurement and strengthening collaboration with civil society, media, and institutions to ensure equitable value for Angolan citizens.