Public Management

Senegal plans CFA50bln annual railway investment by 2035

Senegal plans CFA50bln annual railway investment by 2035
Tuesday, 14 January 2020 11:16

Senegal has great ambitions for its railway sector. During the technical validation workshop of the 2035 railway policy held last week in Dakar, Mayacine Camara, the Secretary of State for the Railway Network, said the government has plans to invest CFA50 billion a year in the sector.

“We have a three-pronged strategic vision that should lead to 13 structuring projects aiming at linking the entire national territory with more than 2,070 km of new lines, for an annual commitment of 50 billion CFA francs (€76 million). This makes 0.9% of our annual GDP,” he said. The three-pronged approach includes strengthening of the interconnectivity of economic activities, supporting social and territorial inclusion policy and promoting regional integration. According to Mayacine Camara, this will make it possible to serve 75% of the Senegalese population by 2035, generating 180,000 jobs during the works.

Still, by 2035, the government expects the network to transport 2.5 million passengers and 24.2 million tons of freight, for a revenue of CFA200 billion a year (€305 million). According to the official, a modernized railway sector will help reduce CO2 emission by 12 million tons.
“The plan is to build by 2035, an environment-friendly and safe railway system that respects social and territorial equity while offering an efficient transport service,” he said, reassuring that this policy will be a growth factor, conducive to improving overall competitiveness and interconnectivity of economic activities.

 Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Ecobank Nigeria repaid about $245 million, or more than 80%, of its $300 million Eurobond due in February 2026. The early repayment reduced...
Development Partners International sold its 20.17% stake in Atlantic Business International for more than $200 million. The transaction valued...
The Alliance of Sahel States plans to create a joint purchasing agency covering Mali, Burkina Faso, and Niger. The initiative aims to regulate cereal...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
03

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
04

Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...

Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
05

Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...

Heirs Holdings Push Oil Equity Production to 50,000 Barrels Per Day Following $496 Million Share Acquisition in SEPLAT
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.