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
WAEMU banking liquidity increased by CFA1,700 billion ($3.02 billion) in one year, according to BCEAO Governor Jean-Claude Kassi...
First National Bank Ghana secures $20 million BII loan to expand MSME lending Partnership targets wider credit access for MSMEs, key drivers of...
Nigeria lifts cash-deposit cap but keeps strict withdrawal limits with fees Banks face new reporting rules as CBN targets security, cost cuts and...
New law revises construction code and tightens insurance obligations All builders must obtain all-risk site coverage and 10-year liability...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
03

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...

South Africa: BYD Targets 35 Dealerships by End-March 2026
04

The government will apply a 15% tax on all payments to foreign digital platforms starting Jan. 1...

Zimbabwe to Impose 15% Tax on Foreign Digital Services From 2026
05

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
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.