Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


East African nations seek funding adviser for $4B railway

17 April 2014, 11:24

Dar Es Salaam -  Tanzania, Rwanda and Burundi are looking for an adviser to help them secure financing for a $4.13 billion railway project aimed at boosting cross-border trade in the region.

The railway will link Tanzania's port city of Dar es Salaam with the capital cities of landlocked Rwanda and Burundi.

The Tanzanian transport ministry said the adviser would be required to assist the three governments in structuring the joint infrastructure deal, including investment options, marketing and providing investment risk advice.

The deadline for the submission of bids is Aug. 21.

"We have jointly done all the preliminary studies. With the completion of the detailed study recently, we are now on the procurement of a transaction advisor," the Tanzanian president Jakaya Kikwete said in a speech on Tuesday.

Tanzania, east Africa's second-biggest economy, plans to invest in new transport links to become a regional transport hub, Kikwete told Reuters last week.

Nations in the region are racing to build new roads, railways and power plants to make up for decades of severe under-investment.

In November last year, Kenya broke ground for the construction of a new rail line linking its proposed second port at Lamu with Uganda, Rwanda and other neighbouring states.

Tanzania and Kenya both have long coastlines and the planned investments are aimed at serving growing economies in the land-locked heart of Africa from Uganda to Malawi.

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Shakila Alivitsa
Why do men choose second wives?

Why do men choose to have second wives?

Submitted by
Eugene Odanga
Udada women's festival begins in ...

The Udada women's festival has arrived in Nairobi.

Submitted by
Eugene Odanga
WATCH: Kaka Sungura arrested in t...

Was Kaka Sungura arrested in town?

Submitted by
Wilson Ochieng
Ababu chased by rowdy youth durin...

Ababu Namwamba was chased off by rowdy youth in a rally, after being accused of supporting the Jubilee Party. Read more...

Submitted by
Wilson Ochieng
Has Uhuru done enough for Kenyan ...

Has President Uhuru Kenyatta done enough to lift the lives of Kenyan youth? Read more...

Submitted by
Wilson Ochieng
COMMENT: Peter Kenneth adds no va...

Peter Kenneth adds no value to the Jubilee Party's 2017 bid, experts argue. Read more...