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SUBSIDIARY NAME

Railnet CÔTE D’IVOIRE

COUNTRY

CÔTE D’IVOIRE

SECTOR/ INDUSTRY

Railways

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

August 8,2021

ACQUISITION VALUATION

1.5 BILLION

TOTAL ASSET VALUATION

15 BILLION

RAILWAYS

Railnet International: acquired on august 08, 2022 and intends on building a rail system across CÔTE D’IVOIRE to serve the various mineral mines and industries. We will build a comprehensive rail system that will serve the entire country. We will use the latest technology currently being used in North America. R65 Rail and the most modern locomotives and equipment available. Track speed will reach 120 kph and the trains will be able to handle loads in excess of 35,000 tons.

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