The Lobito Corridor to connect Angola, the DRC and Zambia: advisors
Morais Leitão and ALC Advogados, the exclusive member of the Morais Leitão Legal Circle network in Angola, together with the Clifford Chance (Washington), advised the US International Development Finance Corporation and the Development Bank of South Africa on the structuring and negotiation of the financing operation for the Lobito Corridor Project. This project was awarded to Lobito Atlantic Railway, a concessionaire supported by the Trafigura, Mota-Engil and Vecturis consortium. On the concessionaire side, Vieira de Almeida and Prime Advogados were involved, alongside Latham & Watkins (London).
The Lobito Corridor aims to connect Angola to the Democratic Republic of Congo and Zambia, facilitating regional trade by multiplying transport capacity between countries. The operation involved structuring a financing agreement, as well as conducting a structural analysis of the respective contractual and regulatory framework.
The Morais Leitão and ALC team included partners André de Sousa Vieira, Irina Neves Ferreira, Diana Ettner, Filipe Lowndes Marques, principal associate Frederico Távora Pedro and associate Carolina Nagy Correia, who led the local advisory team for the project, supporting Clifford Chance alongside lenders.
Pictured, from left to right: André de Sousa Vieira, Irina Neves Ferreira, Diana Ettner, and Filipe Lowndes Marques.
