Tanzania, Jan 15 – Rwanda and Tanzania seem to have begun the initiative by the African Union (AU) in establishing trade agreements to boost the economy of African countries.
Yesterday, the AU Premier Paul Kagame and Tanzania’s President John Magufuli announced their trading partnerships had been strengthened as the two set to link their countries with a better infrastructure to improve the transport sector.
A 400-kilometre railway line is set to be constructed running from Isaka to Rwanda’s capital and ending at Dar es Salaam port. The construction of the rail line will enhance efficiency in transportation of both goods and people.
The financial model will be laid by the ministers of foreign affairs who will meet next week to discuss the financial modalities.
The project will be funded by the two countries, seeking to be independent of outer financial aid. Paul Kagame had addressed that too much borrowing weakens the AU and hence the project will not be receiving financial support to fund it.
Rwanda’s Premier is adamant the construction will kick off soon as the preparations for the project have been finalized, as revealed by Tanzania’s Premier.
President Magufuli added that the first phase of the construction has begun with the use of locally sourced funds.
The infrastructure will boost the working relations between the two as they look to upgrade their economies with better infrastructure. The congestion of goods will be reduced, improving the quality of service delivery.
Such links will give investors an opportunity to invest in the loopholes that could turn to business opportunities. The manufacturing industry as well as construction could greatly benefit with their input in such a mouth-watering project.
It offers a plethora of opportunities for civil engineers and workers who could end up securing an income generating activity to improve their financial status.