Friday, 11 December 2009
The World Bank and the African Development Bank will finance the rail link between Tanzania, Rwanda and Burundi to enhance trade among East African nations. The construction works of the railway line is likely be completed by 2014, according to Burundian officials.
According to officials, the project was approved on the basis that it was bankable, economically and financially feasible, saying it would play a critical role in enhancing trade among east African state.
Rwanda is in charge of coordinating the multi-country project and the current plan for the railroad is to construct a modern high-speed train that travels with a minimum speed of 120 kilometers per hour. Upon completion, most importers and exporters will shift from Mombasa port to Dar es Salaam as it will become possible to travel to Kigali within a single day, as opposed to the six days it currently takes.
For the full story, please visit afrol News.
(2 Votes)
Infrastructure Roads and rail Inter-state rail link to get finances
West African farmers enter international organic food market
Egypt says it will propel African science agenda
"Africa is back" from global crisis, says IMF
Senegal working with France on Nuclear plant
UK gives 67mln pounds for African infrastructure