
Economic Corridor Approach: PGI focuses on developing economic corridors – geographic areas with integrated investments that are designed to stimulate economic development. Geographically connected, these investments in transportation, clean energy supply chains, information and communications technology, agricultural systems, or health and health security leverage broader and more transformative effects, with the aim of significantly boosting economic development opportunities.
At the 2023 G7 Summit, President Biden announced U.S. support for development of the Lobito Corridor, which has the potential to become a transformative economic link connecting the African continent from west to east. This commitment would develop rail that would become the primary open access transportation infrastructure connecting the Democratic Republic of the Congo (DRC), Zambia and Angola. To date, the United States has announced the intent to finance through the Development Finance Corporation (DFC) an initial $250 million investment in a rail refurbishment from the Lobito Port in Angola to the border of the DRC in Luau. As a second phase, we will expand the rail connectivity in the region, both enabling investment in an under-developed agro-ecological zone to support global food security and securing an open access trade route for critical minerals to support the accelerated global demand for electric vehicles and other climate-forward technology.




