Zambia-Lobito Copper Rail Link to Cost as Much as $5 Billion
Bundles of copper on rail wagons in Kapiri Mposhi, Zambia.
Photographer: Zinyange Auntony/BloombergA railway planned to connect Zambia’s copper mines to global markets via the Lobito port in neighboring Angola will cost as much as $5 billion, with construction set to start his year, according to an environmental study for the project.
The 830-kilometer (516-mile) line will be complete in 2030, said the report that the Zambia Environmental Management Agency published on its website on April 3. Africa Finance Corp. is lead developer and sponsor of the project.