Tuesday 17 May 2016

Mombasa-Kigali Railway

Mombasa-Kigali Railway

The Mombasa-Kigali Railway is expected to bring many benefits to African economy. “Africa’s landlocked countries have poor infrastructure and struggle to reach global markets, paying up to 84 percent more to export their goods than a coastal country. The 2,935 kilometer Mombasa-Kigali Railway will link the port of Mombasa in Kenya with Tanzania and landlocked Rwanda and South Sudan, helping transport coffee, tea, other agricultural products, minerals, and machinery. Costing US$13.5 billion, the line is to be built in sections by different Chinese engineering and construction companies, with loans provided by, among others, China’s Exim Bank, and paid for by public funds from the countries involved”. (KPMG)