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It will be interesting what reaction there will be to the decision on HS2
If they cancel the northern section tomorrow as appears to be the prediction companies will need to look at projected sales and outputs unless there is an alternative proposal
I’m guessing if it is cancelled and not replaced with some upgrading of the existing network there will be spare capacity and an effect on aggregate /concrete prices
We have a vision of creating the most important logistics corridor in sub-Saharan Africa.’’
Trafigura CEO Jeremy Weir commented, “We believe the Lobito rail corridor has huge potential to boost the development of sectors along the line including heavy industry, agriculture, and mining, creating new jobs and new opportunities.”
Pensana CEO Tim G. commented: “This investment in rail infrastructure and rolling stock is perfect timing and is expected to have a very positive impact on the transport logistics during the Longonjo construction period and on the reagent and product transport during operations.”
A 30-year concession has been awarded to the Lobito Atlantic Railway consortium comprising Trafigura, a market leader in the global commodities industry, Mota-Engil, an international construction and infrastructure management company, and Vecturis SA, an independent rail operator.
The investment will include 1,555 wagons and 35 locomotives for the Angolan side of the corridor and the investment in training and skills, with dedicated training centres already in place at Huambo and Lobito.
Overall, the consortium plans to invest USD455 million in Angola and up to USD100 million in the DRC and there is the potential to extend the line into Zambia, extending its benefits across the region.
Jeremy Weir speaking on behalf of the Lobito Atlantic Railway concession companies said,
“We see the Lobito rail corridor as a partnership between the private and public sectors. A partnership of three countries – Angola, the DRC and Zambia and of three companies – Trafigura, Vecturis and Mota-Engil.
Our project will not only create a western route to market for goods and materials but also has huge potential to boost the development of sectors along the rail line including heavy industry, agriculture, and mining, creating new jobs and new opportunities
From linkedin
Over 6 months construction section trending up and also up today
Breedon over 6months trending down and down again today
Been here a while but see no reasons for holding on could be time to bail out
See how the rest of the week goes
GLA
Londoner
Cheers always good to hear your take on things
Mr Tom was a true quarry man and surrounded by a like minded team with years of experience and know how
I’m unsure the present team have those same qualities or perhaps they possess others but equally valuable
Let’s hope so for mine and others bank balance
As you say we will see shortly
G l a
Rylander
Yes mate just as you my worth now is lower than it was a few months ago but I’m sure there is a stunning plan afoot and someone for more intelligent than me is going to let us know how we will soon be millionaires Rodney
IMO Tarmac probably would not be an option due to the monopolies and mergers ,a number of quarries and plants would have to be divested
Lononer’s suggestion about BAY is interesting those guys certainly do know the time of day in this business
Just my thoughts
G l a