DRC Signs $1.26bn Lobito Corridor Railway Deal With Mota-Engil

KINSHASA — Democratic Republic of Congo has signed a $1.26 billion concession agreement with Portuguese construction group Mota-Engil to modernise more than 1,000 kilometres of railway linking its copper and cobalt heartland to Angola’s Atlantic port of Lobito. The agreement covers the Dilolo–Sakania section, connecting the mining centres of Kolwezi, Tenke and Lubumbashi to the …