Mombasa-Kigali rail groundbreaking set for Nov. 28IN SUMMARY
- The construction of the modern rail will is expected to lower commodity prices through the more efficient transportation system
- It will help accelerate the country’s economic growth through the development of areas where stations will be located
- China’s Exim Bank is funding 85 per cent of the project through loan and the rest for the funds will be provided by the Kenya Government
- Kenya Railways Corporation is expecting a four-and-a-half-hour passenger ride between Nairobi and Mombasa on the trains which will travel at 120 kilometres per hour down from the current slightly over 12 hours
Construction of high-speed railway line to begin this week