Lobito - The Global Infrastructure Investment Project, a G7 initiative, also includes the promotion of agriculture, clean and renewable energies, among other areas to be developed in the Lobito Corridor, ANGOP learnt on Tuesday.
This is a programme created in 2022 by the G7 Group, with the aim of raising 600 billion dollars to be invested in countries with developing economies.
Speaking to the press in Benguela Province, the representative of the US administration, Danae Pauli, said that food security is a priority for President Biden and that this is one of the reasons why this sector and agribusiness are central points of his PGI initiative.
He recalled that the Lobito Corridor is one of the priorities of this programme, for which US President Joe Biden announced last year an investment of one billion dollars with a view to connecting Angola, the Democratic Republic of Congo (DRC) and Zambia and later connecting the Atlantic Ocean to the Indian Ocean.
The official explained that part of this amount will finance the Luacano to Jimbe railway section, in the Angolan province of Moxico, near the border with Zambia.
According to the senior Biden Administration official, last week an event was held in Lusaka, Zambia with around 400 investors related to the Lobito Corridor, which was well attended and praised.
The American delegation, accompanied by the Angolan ambassador to the United States, Agostinho Van Dúnem, visited the infrastructure of the Lobito Corridor, namely the Port, where they contacted the partners linked to the terminals, the Lobito Atlantic Railway and Africa Global Logistics as well as the Benguela Railway (CFB), to help promote agricultural programmes and connect small and large producers.
At Grupo Carrinho, one of the companies also seeking American investment to increase its capacity, the delegation toured some of the seventeen factories in the industrial complex, particularly the biscuit factory, the sugar refinery, the vegetable oil factory, as well as the physico-chemical and microbiological laboratory, to receive information on how they work.
The delegation also visited the works carried out in the complex's expansion zone, known as phase 2, where new infrastructures are being built, as well as some corn fields in Dombe Grande, Baía Farta commune, 60 kilometres from the city of Benguela.
The G7 is an informal group that brings together some of the world's main economies and, as its name suggests, is made up of seven countries, namely Germany, Canada, the United States, France, Italy, Japan and the United Kingdom.
It was created in the middle of the second half of the 20th century as a forum for discussing global economic problems. Today, the G7 also has the function of debating political, military and environmental issues. In addition to seven member countries, it also has the support of the European Union.
The G7 holds meetings annually with the aim to debate and take important decisions in areas such as economy, global social problems, military issues and conflicts, the environment, international politics, international trade, among others.
TC/CRB/MRA/jmc
