# Biden’s New Rail Line Plans
President Joe Biden is making big moves in the world of railways. His latest project involves the Lobito Atlantis Railway Corridor and other developments in the rail industry. Biden recently announced investments in the Lobito’s Atlantic Railway Corridor and the Brightline West electric railway – a high-speed passenger train in Russia that will slash travel time.
The Lobito’s Atlantic Railway Corridor project, financed with $250 million from the U.S., will connect Lobito Port in Angola to Zambia and the Democratic Republic of the Congo. The plan is to extend the route to Tanzania, forming a rail link spanning the Indian Ocean to the Atlantic.
This initiative is part of the Partnership for Global Infrastructure and Investments (PGI), a flagship program of the G7. This international forum, comprised of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, aims to boost infrastructure and investments globally.
At the recent G7 Summit held in Fasano, Italy, Biden emphasized the importance of the PGI initiative. Italy pledged $320 million towards building an 800-kilometer section of the rail network, while the UK committed funds for geological surveys along the route.
President Biden highlighted the progress made on the PGI Economic Corridors during the Summit, underscoring the strategic development of economic corridors for multi-sectoral impact across participating countries.
The completion of the Lobito Economic Corridor will enable increased investments in agribusiness, food security, digital infrastructure, and cleaner power. Moreover, it is poised to open up new job opportunities and enhance overall quality of life in the region.
Once operational, the corridor will facilitate the transportation of essential resources like metals needed for wind turbines and electric vehicle batteries from the continent to the Angolan port, cutting down export costs and streamlining resource movement.
With plans to connect the Lobito Corridor to Tanzania and the Indian Ocean in the future, the PGI seeks to further strengthen economic ties, create employment opportunities, and enhance living standards for communities along the route.
The advancements in rail infrastructure not only promise economic growth but also hold immense potential to usher in a new era of sustainable development and connectivity for the regions involved.