Public Management

Burundi, Tanzania seek $1,9bln to build inter-state railroad

Burundi, Tanzania seek $1,9bln to build inter-state railroad
Friday, 19 February 2021 11:27

Burundi and Tanzania revealed plan to raise $1.9 billion to build a railway linking the two countries.

Dieudonné Dukundane, Executive Secretary of the Central Corridor Transit Transport Facilitation Agency (CCTTFA), said the infrastructure is a 190 km line that will link the Burundian city of Musongati to that of Isaka in Tanzania. The objective for the Burundian authorities is to facilitate the opening up of the country, while boosting mining exports via Tanzania which has several ports, epecially in Isaka.

Betting on nickel, one of its main mining products, Burundi wants to improve mining exports by 47% by 2027.

Now is the time to start fund-raising,” Dieudonné Dukundane said, according to comment relayed by Bloomberg. The railroad is part of a railway network that will enhance trade between Tanzania and its neighbors, particularly Rwanda and the DRC.

The Executive Secretary of CCTTFA says the other member countries of the Central Corridor should prepare to begin without delay, the construction of railway lines that will connect them to Tanzania. He believes it is an opportunity to boost the region’s competitiveness.

As a reminder, the Agency was created on September 2nd, 2006 and includes Tanzania, Rwanda, Burundi, Uganda and the DRC. Its mission is to ensure the implementation of the provisions of the Central Corridor Treaty aimed at facilitating traffic transiting through the port of Dar es Salaam to the landlocked countries of East Africa.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect borrower data, expand regional credit information...
EGX is consulting on a revised trading schedule, extending the close to 3:00 PM and adjusting the opening to increase overlap with Gulf...
Scheme helps banks finance farming, processing and exports deemed too risky Agriculture accounts for just 3.95% of private sector bank lending...
Kenyan banks face a potential $800M payout after courts ruled unapproved interest rate hikes illegal, reinforcing consumer protection...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

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
03

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...

MTN MoMo, Mastercard Partner in Zambia to Boost Global Payments
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.