Business

U.S. and 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.