Africa’s biggest railway is worth $13 billion

Kenya's $13 billion railway project is taking shape
A new railway is being built in Kenya, the first section will connect seaside city Mombasa to Naivasha. This initial section of the railway should be completed by 2017, but its part of a much wider project that will eventually link Mombasa with other major east African cities such as Kampala in Uganda.

(CNN) – It’s been billed as the most ambitious project in Kenya since it gained independence in 1963.

Now, the first section of the east African nation’s $13.8 billion railway is nearly finished.

Originally planned to link Mombasa and Nairobi, the decision was made to extend the line to the market town of Naivasha in 2015, and 75% of civil works have reportedly been completed. This first Mombasa-Nairobi stretch will be completed by June 2017, consulting firm CPCS told CNN.

It is hoped that the track will shorten the journey between the two cities from 12 hours to four hours. Passenger trains will travel at 120km/h, and freight trains will be able to carry 25 million tonnes per year, according to the International Railway Journal.

Eventually, the East Africa Railway Masterplan will link Mombasa with other major east African cities such as Kampala, in Uganda, and Juba, in South Sudan.

Kenya's $13 billion railway project is taking shape
The hope is that this new railway will reduce congestion and ease up the pressure on the crowded streets. According to Deloitte, more than 131 billion dollars was spent on transportation construction in 2015, and it’s predicted that by 2025, $200 billion is expected to be spent on the continent’s roads, and another seven billion dollars on African airports.

Investment from China

The East Africa Railway Masterplan is being managed by the East Africa Community; an intergovernmental organization of six partner states; Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda, which aims to create a politically united and secure East Africa.

Management consulting firm CPCS advised the East Africa Community on the financial, legal and economic impact of the project.

The railway is being built by the state-owned China Road and Bridge Corporation (CRBC), 90% of the ongoing development of the Mombasa-Nairobi section is being financed by The Export-Import Bank of China.

Read more at http://edition.cnn.com/2016/05/15/africa/kenya-railway-east-africa/index.html

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