Road/Rail Freight
Africa

Angola to invest heavily in locomotives

- By Staff reporter
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The Angolan government has budgeted US$453.6 million to buy 100 new locomotives from US group General Electric (GE).

According to Macauhub.com, the investment will be funded by a credit line to Angola from the US.

The US Export-Import Bank has opened a second credit line of $500 million which will be used by Angola to refurbish railway rolling stock maintenance workshops in four cities: Luanda, Lobito, Huambo and Lubango.

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