US backs huge African railway plan with multi-million investment package
US government puts money into major African railway connecting mineral-rich regions to Atlantic coast. The trans-continental project aims to create new trade routes from central Africa to western ports
In early December President Joe Biden made a key stop in Angola where he green-lighted a game-changing railway project (connecting mineral deposits to coastal areas)
The trans-African rail line got support through a half-billion-dollar loan from US International Development Finance Corp; this mega-project will link up copper and cobalt mines to the Lobito port on Africas western shore. The rail system — built with modern tech and engineering solutions — creates fast transport routes across the continent
The US govt office behind this funding started about 5 years ago during Donald Trumps time as president: its main goal was to give countries different options than Chinese building projects. China has been super-active in making big transport hubs worldwide like their new sea-port in Peru that opened up just last month
The railway plan shows how US tries to help African growth while also making new business friends; this project will change how minerals move from inland mines to ships waiting at the coast. The whole thing fits into bigger US plans to work more with African partners on building stuff thats good for trade
