Congo copper corridor set for $1bn US boost
Mota-Engil is set to sign a 30-year concession to rehabilitate and operate a key copper and cobalt railway in the Democratic Republic of Congo, with up to $1bn in US financing possible. The railway, part of the Lobito Corridor, runs about 1,000km through mining centres including Kolwezi, Tenke and Lubumbashi. The US International Development Finance Corporation has signed a letter of interest with Mota-Engil for up to $1bn to support the project.
Why it matters: This reflects intensifying competition for Africa's critical minerals, a key theme in the briefing on strategic resource supply chains.