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Portuguese development main Mota-Engil outbid three Chinese language state-owned corporations, CITIC, Sinotrans, and CR20, to win a 30-year concession to function the strategically essential Lobito Hall that connects the copper/cobalt belt within the southern DRC and northern Zambia with the port of Lobito in Angola.
But it surely wasn’t all unhealthy information for the Chinese language since one other state-owned firm, China Communications Development Firm (CCCC), now owns a 3rd of Mota-Engil.
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