US, China propose to fund 2 railway projects in Zambia
Zambia is at the forefront of an infrastructural showdown, with two significant railway developments emerging, one backed by the United States and another by China, as Bloomberg reports.
This competitive scenario is unfolding in a region renowned for its vast mineral wealth, setting the stage for an intense rivalry.
The United States is investing heavily in the Lobito corridor initiative, allocating $2.3 billion not only to refurbish an existing railway that extends from the Democratic Republic of Congo to the Atlantic’s Lobito port but also to extend this network by an additional 800 kilometers (approximately 500 miles) of new railway lines deep into Zambian territory.
The United States is coordinating a diverse coalition of companies and government agencies to bring the Lobito project to fruition.
However, construction on the new link in Zambia may not commence until 2026, contingent upon securing the necessary funding from a variety of sources.
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Conversely, China is vigorously advancing its strategy, committing more than $1 billion to the rejuvenation of the Tazara railway.
This historic route, leading to Tanzania’s Dar es Salaam port, is crucial for exporting the region’s copper and cobalt.
Both initiatives represent a strategic effort to establish faster, more efficient export routes for the mineral wealth of Zambia and Congo, marking a crucial juncture in the region’s economic and infrastructural progress.
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