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Africa Finance Corporation Acts as Co-Financial Adviser for Angola’s Lobito Atlantic Railway Concession
The financing package is expected to increase Lobito’s transportation capacity ten-fold to approximately 4.6 million metric tonnes per annum and to reduce the cost of transporting critical minerals by an estimated 30 percent
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has announced the signing of key financing agreements for the Lobito Atlantic Railway Project in Angola. AFC alongside Eaglestone, acted as Co-Financial Adviser, to Lobito Atlantic Railway S.A. (LAR), the Borrower and Concessionaire of the 1,300-kilometre brownfield railway corridor.…