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Trafigura-Led Consortium Aims to Seal US Loan Agreement by 2025
2025-08-20 /
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Author：小编
The Chief Executive Officer of Lobito Atlantic Railway (LAR) revealed to Reuters that the company is aiming to finalize a loan agreement worth $533 million with the United States International Development Finance Corporation (DFC) by the end of the year. This financial injection holds paramount importance for the enhancement of LAR's concession area in Angola. In 2024, the DFC pledged to extend this loan to facilitate the revamp of the 1,300-kilometer railway, with the objective of establishing a swift transportation corridor for mineral resources vital to the global transition towards clean energy.
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