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U.S. Considers Funding Part of Congo’s $12 Billion Inga Dam

The U.S. may consider partly financing the Democratic Republic of Congo’s $12 billion Inga 3 hydropower project, Rajiv Shah, the head of the U.S. Agency for International Development, said.

Congo must commit to reforms that include reorganizing its public-utility company and creating a governance structure for Inga to attract financing before the U.S. can look into investing, Shah told reporters today after touring the site.