US contractor All-American Rail Group (AARG) and the Angolan Ministry of Transport have signed a Memorandum of Understanding (MoU) to build a €4.1 billion (US$4.5 billion) railway line between Luana and the Democratic Republic of Congo (DRC). The project aims to promote food security and agricultural expansion in northern Angola and will enable the export of oil, timber, and minerals. Recently, the US announced that it would provide €914 million to support the development of the existing Lobito Corridor, which connects Angola, the DRC, and Zambia.
