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.
Angola to invest heavily in locomotives
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