[DFC] WASHINGTON, D.C — U.S. International Development Finance Corporation CEO Scott Nathan accompanied U.S. President Joseph R. Biden Jr. on a visit to Angola. The U.S. Government announced the commitment of a loan of up to $553 million to upgrade the Lobito Atlantic Railway. The loan will support the rehabilitation and operation of the brownfield mineral port in Lobito and an approximately 1,300-kilometer brownfield rail line in Angola running between the Lobito port to Luau on the Angolan border. The project is expected to
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