Africa: Tanzania-Burundi-DRC-Rwanda Rail Corridor Project, USD 3.3 billion already mobilized (AfDB)
The Africa Investment Forum 2021 is already bearing fruit.
Indeed, the African Development Bank (AfDB) has announced that it has received 3.3 billion US dollars (USD) in commitments from investors out of a total of 8.77 billion USD for the rail corridor project.
This communication route will link Dar-es-Salaam (Tanzania) to Bujumbura (Burundi) and Kinshasa (DRC), with a planned extension to Kigali (Rwanda).
According to the AfDB, a total of 8.77 billion USD had been pledged by donors for the benefit of East Africa, on the occasion of the African Investment Forum 2021.
Recently, the Africa Investment Forum had just held boadrooms to showcase bankable projects worth US$50 billion.
It should be noted that the said corridor is part of the standard gauge railway projects that Tanzania would like to develop to connect its ports, in particular that of Dar-es-Salaam, to the landlocked areas of its hinterland.
The targeted countries are Burundi, DR-Congo, Zambia, Rwanda and Uganda.
The DRC will also be able to take advantage of it to boost its economy through the smooth movement of people and goods in the countries that are part of this rail network.