The Ministry of Transport for Angola has said that a tender is due to be announced for the concession of the Lobito corridor on the Benguela railway.
The corridor is the shortest route to export copper and cobalt from the Democratic Republic of Congo (DRC) and Zambia.
The Angolan government is looking to attract operators specialized in logistics and cargo to manage, maintain and introduce technical improvements to the infrastructure’s operations.
The concession has the fundamental regional objective of revitalising exports of copper and cobalt produced in the DRC and Zambia via the Port of Lobito.
According to MineSpans-IHS Markit’s global mining market analysis models, 80 per cent of the minerals extracted from these two countries will be transported via the Lobito Corridor by 2030. Its geographical positioning being its main asset, the Lobito Corridor is the shortest route between the Katanga mining region in the DRC, the Copperbelt in Zambia, and a deep-water seaport.
Raw materials from the region are currently exported via the ports of Durban (South Africa) and/or Dar-Es-Salaam (Tanzania); routes up to four times longer than the route between the mining regions and the Port of Lobito.
A spokesperson said that since the presidential order was issued in September 2020, the Tender for the Lobito Corridor ‘Service Concession Contract for the Operation, Management and Maintenance of the Railway Infrastructure for the general transport of Ore, Liquid and Gas Cargo’ has already attracted attention from companies around the world. These include businesses from China, the United States, Germany and others.