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
BRVM-listed lender launches CFA1.5 billion capital increase Move aims to meet regulatory requirements and strengthen balance sheet Operation...
Ecobank posts $801 million in pre-tax profit for 2025, up 21% Cost discipline improves, with efficiency ratio falling below...
Gabon’s insurance market revenue fell 5.8% in Q4 2025 after strong growth in previous quarters. Life insurance revenue dropped 67%, driven...
Plan includes recovery commission, audits and possible asset seizures Move aims to strengthen governance and support industrial...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
03

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
04

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
05

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
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.