Lobito Atlantic Railway obtains EUR 690 million financing for corridor rehabilitation in Angola.
Lobito Atlantic Railway (LAR) has obtained financing of approximately EUR 690 million to support further works on the 1,300 km railway corridor linking the Port of Lobito with Luau on Angola’s border with the Democratic Republic of Congo (DRC). The funding has been arranged with the US International Development Finance Corporation and the Development Bank of Southern Africa.
