US Confirms US$550M Support for Angola’s Lobito Rail Corridor Despite Budget Concerns
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Home Articles Feature Story

US Confirms US$550M Support for Angola’s Lobito Rail Corridor Despite Budget Concerns

byEleanor Laurence - Content Producer, The Assay
3 weeks ago
Reading Time: 2 mins read
Nippon Steel Completes US$14.9B Acquisition of US Steel with US Government Oversight #2

The United States has reaffirmed its backing for Angola’s Lobito Rail Corridor with a US$550M loan through the International Development Finance Corporation (DFC), reinforcing international efforts to develop critical infrastructure for mineral transport.

The 1,300km corridor, managed by Lobito Atlantic Railway, links the Angolan port of Lobito to the Democratic Republic of Congo’s mining heartland, with planned extensions into Zambia. It aims to streamline the export of copper, cobalt, and other vital minerals, significantly reducing transit times compared with current road transport.

Despite concerns over US budget cuts affecting overseas projects, Ambassador James Story confirmed that the funding remains secured and financing agreements are nearing completion. He stressed that the corridor, and related projects with the DFC and Export‑Import Bank, are proceeding as planned.

The initiative aligns with US and EU strategies to offer a strategic alternative to China’s Belt and Road infrastructure in Africa. It also serves broader goals under the G7’s Partnership for Global Infrastructure and Investment, with additional funding from the EU and the Africa Finance Corporation targeting upcoming expansions.

Angolan officials have stated that the corridor could catalyse regional economic growth beyond metals, supporting agriculture, industry, and tourism sectors. Preliminary work is advancing and construction is expected to begin by early 2026. However, analysts warn that shifts in Western support could create openings for Chinese or Middle Eastern investors. Some civil-society groups in DRC also call for assurances that benefits are equitably shared.

The Lobito Corridor represents a strategically significant infrastructure play. With strong Western backing, it could reshape mineral supply chains and unlock new regional growth; but success will depend on sustained political commitment, transparent governance, and local engagement.

Tags: AngolaBattery Metals
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Eleanor Laurence - Content Producer, The Assay

Eleanor Laurence - Content Producer, The Assay

Eleanor is new to the team as a Content Producer for the Assay magazine. Eleanor moved to Hong Kong from the UK in 2020 after graduating, to work in content writing in the education sector. She looks forward to building on her experience whilst continuing to learn about the mining industry. Eleanor holds a degree in Anthropology from the University of Exeter.

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