ONCF railway company secures US$362m from AfDB

MOROCCO – The African Development Bank (AfDB) has provided €300 million (US$362.43m) for the Moroccan railway company ONCF, to contribute to the financing of the Moroccan rail network. The focus is on projects that increase the transport capacity of people and goods on the economically important axis Tangier – Casablanca – Marrakech, according to a press release by the AfDB.…

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Electricity supplier Tanesco readies to power Tanzania SGR operations

TANZANIA – State power utility firm, Tanzania Electricity Supply Company (Tanesco) will supply 70 megawatts of electricity to power the first phase of the standard gauge railway (SGR), which starts operations in a few months’ time. Energy minister Medard Kalemani told the media that the construction of power lines between Dar es Salaam and Morogoro was complete and that Tanesco…

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Kenya Railways to take over SGR operations from Chinese firm AfriStar

KENYA – The Kenya Railways Corporation (KRC) has begun a gradual takeover of operations on the standard gauge railway (SGR) from Chinese firm Africa Star Railway Operation Company (AfriStar) amid concerns of high costs of keeping trains moving. KRC board chairman Omudho Awitta said the corporation has already assumed ticketing, security and fuelling functions on the SGR passenger and cargo…

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UKEF finances Bombardier consortium with US$2bn to build two new monorails in Egypt

EGYPT – A consortium led by Bombardier, a manufacturer of business jets, public transport vehicles, and trains, has confirmed a deal with the Egyptian government to build two new monorails. This is thanks to a £1.7 billion (US$2.33bn) backing from UK Export Finance (UKEF), the largest amount of financing ever provided for an overseas infrastructure project. Bombardier will use the…

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Two Chinese companies win contract for phase 5 of Tanzania’s SGR

TANZANIA – China Civil Engineering Construction Corporation (CCECC) and China Railway Construction Company (CRCC) have been awarded the contract to build a 341-kilometre Standard Gauge railway (SGR) line connecting the Tanzania’s Lake City of Mwanza to Isaka. Tanzania’s Foreign Affairs Minister Palamagamba Kabudi said the government will finance the railway line, which costs US$1.32 billion. The railway project is the…

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Uganda to build 2,700km-long standard gauge railway

UGANDA – The government of Uganda will build its standard gauge railway even if Kenya fails to extend its line to the border town of Malaba, its officials have said. Construction of the long-delayed SGR will now start in the 2022/2023 fiscal year even as the connection with Kenya remains a sticking point. The country’s 271-kilometre-long SGR was part of…

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French government to finance US4125.6m Kenya’s JKIA – Nairobi rail track

KENYA – Construction of a railway line linking Kenya’s Jomo Kenyatta International Airport to the country’s capital city Nairobi are back on track after Kenya secured US$125.6 million loan from the French government. Kenya’s Transport Cabinet Secretary James Macharia told the Business Daily in an interview that a commercial agreement to construct the five-kilometer line have been closed, setting the…

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Ghana launches new 83.5-kilometre standard gauge Railway

GHANA – Ghana’s President, H.E Nana Addo Dankwa Akufo-Addo has launched the 83.5-kilometre standard gauge railway line from Kumasi to Obuasi, which is part of the new Western Line being constructed by the government. The project follows the inauguration of a 15 kilometer standard gauge railway connecting Sekondi withTakoradi via Kojokrom. Before the Sekondi- Takoradi railway, Ghana had never added…

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Egypt to invest US$219m in construction of Cairo’s 4th metro line

EGYPT – The Government of Egypt has announced plans to invest US$218.89 million in FY2020/2021 in the construction of the first phase of Cairo’s fourth metro line. Once complete, the metro line will be expected to serve 1.35 million passengers with the number being increased to 2.5 million after the accomplishment of the second phase. Cairo’s fourth metro line will…

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Delta Airlines to invest US$1bn on carbon emissions reduction, sustainability

UNITED STATES – United States carrier, Delta Airlines, has said that it will be committing US$1 billion over the next 10 years on its journey to mitigate all emissions from its global business. The airline said it would invest in driving innovation, advancing clean air travel technologies, accelerating the reduction of carbon emissions and waste, and establishing new projects to…

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