Tuesday, November 5, 2024

USAID hires Aecom for global infrastructure drive – Global Construction Review

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Angola’s Port of Lobito is the terminus of the new Lobito Corridor railway linking it to mining regions of Democratic Republic of Congo (David Stanley/CC BY 2.0)

Aecom has been awarded a single-award task order with a $90m ceiling by the United States Agency for International Development (USAID) to support the G7’s Partnership for Global Infrastructure and Investment (PGI).

The PGI was launched at the G7 Summit in 2022 to promote infrastructure in developing countries including clean energy, transportation, and digital.

Its current flagship project is the Lobito Corridor, a 1,300km railway linking the mining centre of Kolwezi in the Democratic Republic of Congo to the Angolan port of Lobito.

The G7 aims to mobilise $600bn, including private capital, by 2027, with the US mobilising $200bn by then.

Aecom said it will bring together technical experts to help projects, and advise on technical, legal, and regulatory issues and private investment.

Over the last three years, the US has mobilised around $60bn for PGI investments through federal financing, grants and private sector investments.

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