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SUBSIDIARY NAME

Railway infrastructures, purchase of locomotives, rolling stock and railway transportation

COUNTRY

DEM. REP. CONGO

SECTOR/ INDUSTRY

Railways

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

August 16, 2022

ACQUISITION VALUATION

700 MILLION

TOTAL ASSET VALUATION

7.00 BILLION

RAILWAYS

Railway infrastructures, purchase of locomotives, rolling stock and railway transportation: acquired on August 16, 2022. Project’s purpose is not only to raise this sector completely from bankruptcy but also to modernize it.

The economic growth of a country is always accompanied by increased market activity, both consumption and production of goods. The consequence of this is an increase of transport demand. Rail freight transport provides outstanding advantages for mining commodities due to the large volumes that can be carried, particularly relevant to mining sites. The use of rail implies removal of same high volume from the roads, resulting in the reduction of road damage and reduction in CO2 emissions. This will also a rail solution within Southern Africa countries whose rail systems are in dire situation, also opening opportunities to invest in the railway infrastructure within these countries around DRC. This project will improve the GDP of the region.

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