Russian Machinery Manufacturer Eyes Angola Railway Factory

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Written by Makula Dunbar

From Macauhub

Russian company UralVagonZavod, which manufactures railway cars or wagons, is interested in setting up a factory in Angola to produce stock for Angola’s railways, the chairman of the board of Russian bank VTB África, Igor Skvortsov said in Luanda.

The company is prepared to invest 10 billion kwanzas (US$104 million) and plans to find partners in Angola.

Read more at macauhub.com