From EUobserver · · 40s
MEPs probe Lobito Corridor project value
EU lawmakers to investigate Africa’s €5bn Lobito Corridor project for added value.
In brief
EU lawmakers to investigate Africa’s €5bn Lobito Corridor project for added value. MEPs will scrutinize the EU’s Lobito Corridor project for effectiveness amid concerns about its value and governance. Originally reported by EUobserver.
MEPs scrutiny hearing
MEPs will hold a scrutiny hearing in January on the EU’s Lobito Corridor project, the flagship scheme of the bloc’s Global Gateway programme.
Project scope
The project connects the port of Lobito on Angola’s Atlantic Coast to mineral-rich Katanga province in the Democratic Republic of Congo and the Copperbelt in Zambia.
Concerns about governance
EU lawmakers have previously expressed concerns about the governance of Global Gateway, a plan to raise €300bn for infrastructure projects in developing countries.
The short version
MEPs will scrutinize the EU’s Lobito Corridor project for effectiveness amid concerns about its value and governance.