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Senators press U.S. agencies to disburse Lobito Corridor funds as alternative to China’s Belt and Road
Summary
Members of the Senate subcommittee raised concerns about delayed U.S. investment in the Lobito Corridor, urged faster DFC support and commercial partnerships to keep African mineral routes out of Chinese control.
Senators on the Foreign Relations subcommittee pressed State Department witnesses about undisbursed U.S. investments in the Lobito Corridor and the role of the Development Finance Corporation in making the rail corridor commercially viable for mineral exports.
Senator Shaheen, who introduced bipartisan mineral security legislation with Senator Curtis, said the Lobito Corridor is a “strategic alternative to China’s Belt and Road” and noted that a $553…
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