Rwanda railway to cost USD 3-4 billion
Posted: 23 Sep 2010, 08:51
RWANDA RAILWAY TO COST BETWEEN $US3BN & $US4BN
Posted on 21 September 2010
Railways Africa
The proposed new railway from Isaka in Tanzania to Kigali in Rwanda will cost between $US3bn and $US4bn, Rwandan minister of infrastructure Vincent Karega told The New Times. He said the project’s fiscal study and design are complete, adding that the project will be funded by – among others – the World Bank and the African Development Bank. “It is a tripartite project that belongs to Tanzania, Burundi and Rwanda because this railway will link the three countries†Karega said.
The existing railway in Tanzania is to be upgraded first, he explained, and will be extended to the Mosonga region in Burundi, and later to Kigali. Karega said that “appropriate types of trains†to be used have been identified, adding that efforts are being made to attract more funding from several other multinational sources, such as the Opec Bank. “A final resource mobilisation roundtable is scheduled for October in Dar-es-salaam, Tanzania. In order to facilitate the process, we are recruiting some transaction and auditing companies of international calibre that will be transacting and engaging with all the stakeholders.†Karega noted that China has shown interest in financing the project, and that the US government, through USAID, supported one of the preparatory activities
Posted on 21 September 2010
Railways Africa
The proposed new railway from Isaka in Tanzania to Kigali in Rwanda will cost between $US3bn and $US4bn, Rwandan minister of infrastructure Vincent Karega told The New Times. He said the project’s fiscal study and design are complete, adding that the project will be funded by – among others – the World Bank and the African Development Bank. “It is a tripartite project that belongs to Tanzania, Burundi and Rwanda because this railway will link the three countries†Karega said.
The existing railway in Tanzania is to be upgraded first, he explained, and will be extended to the Mosonga region in Burundi, and later to Kigali. Karega said that “appropriate types of trains†to be used have been identified, adding that efforts are being made to attract more funding from several other multinational sources, such as the Opec Bank. “A final resource mobilisation roundtable is scheduled for October in Dar-es-salaam, Tanzania. In order to facilitate the process, we are recruiting some transaction and auditing companies of international calibre that will be transacting and engaging with all the stakeholders.†Karega noted that China has shown interest in financing the project, and that the US government, through USAID, supported one of the preparatory activities