The Angolan government is to start merging the country’s main railroad companies, the reconstruction of which using lines of credit from China is almost finished, with a view to selling part of them to private investors, reports macauhub.
“All the main Angolan railroads have been rebuilt over the last 10 years, with thousands of kilometres of new lines opened up, using funding from Chinese credit lines,” said the Economist Intelligence Unit (EIU) in its latest report on Angola.
Now, it said, the Luanda government, “plans to sell off commercial and operational aspects of the railroads to private companies, whilst keeping a controlling stake” in a new company called Caminhos de Ferro de Angola.
The Angolan state will keep ownership of the infrastructure and the operating companies will manage all the rail services.
The new company will be the result of merging the Benguela Railroad(CFB), the Luanda Railroad (CFL) and the Moçâmedes Railroad (CFM).
