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Browsing: East Africa Electric Railway line
- The new East Africa electric railway line seeks to tap into the $3 trillion market opportunity under the Africa free trade agreement.
- Tanzania first signed a $2.2 billion deal with China in December last year to revive its railway network.
- In Kenya, the Mombasa to Malaba SGR cost a total of $4.85 billion funded by China Exim Bank loan.
Tanzania and Burundi have entered into an agreement to build a cross-border electric railway line that will connect the two countries passing through the neighboring Democratic Republic of Congo, a critical investment that is set to revamp business in East Africa and beyond.
Both countries have submitted a proposal for the design and construction of the 282-kilometres of electrified railway starting from Uvinza in Tanzania to Gitega in Burundi and connecting both countries through the DRC.
Once complete, the new transport corridor, which will be the continent’s second cross-border …