{"id":18826,"date":"2022-06-02T09:13:50","date_gmt":"2022-06-02T09:13:50","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/investors-assess-regional-railway-prospects"},"modified":"2022-06-02T09:21:21","modified_gmt":"2022-06-02T09:21:21","slug":"investors-assess-regional-railway-prospects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects","title":{"rendered":"Investors assess regional railway prospects"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Potential investors are weighing income prospects in financing the implementation of the Standard Gauge Railway (SGR) project, according to the African Development Bank (AfDB) Director General for Eastern Africa, Nnenna Lily Nwabufo.<\/p>\n

Currently, Rwanda has two route options on the table, the Kenyan Standard Gauge Railway route for the northern corridor and Isaka-Kigali Standard Gauge Railway for the central corridor.<\/p>\n

The 521-kilometre Isaka-Kigali SGR is projected to cost an estimated $2.5 billion.<\/p>\n

She disclosed that investors are looking at the likely volume of services and trade attached to the railway project and whether there is enough income to be generated from that to be sure of investment viability.<\/p>\n

Nevertheless, she said that the intention is to \u201craise more money internally\u201d as each involved country will have to make a commitment of the amount of money they will allocate to the project from the funding they get from the bank.<\/p>\n

\u201cWe also have additional resources that are supposed to encourage such regional projects\u2026of which upon approval, they will get more money as a matching fund,\u201d she added.<\/p>\n

Given the investment that is required, she noted, it has to be phased, \u201cthere is no point in jumping into the market to borrow $7 billion for something that might take you three to four years.\u201d<\/p>\n

Nwabufo added that they are considering pitching the railway project to African Investment Forum to gather inputs from investors after attracting interest from the previous meeting.<\/p>\n

The AIF is Africa\u2019s investment marketplace, championed by AfDB and its partners to accelerate the closure of the continent\u2019s investment gaps.<\/p>\n

Rwanda, as a landlocked country, could benefit tremendously from the project by connecting to the Mombasa and Dar es Salaam ports which would reduce logistics costs and it is also expected to ease and reduce the cost of movement of people and goods across the region.<\/p>\n

Nwabufo did not specify the timeframe to track the project\u2019s progress to be made.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Potential investors are weighing income prospects in financing the implementation of the Standard Gauge Railway (SGR) project, according to the African Development Bank (AfDB) Director General for Eastern Africa, Nnenna Lily Nwabufo. Currently, Rwanda has two route options on the table, the Kenyan Standard Gauge Railway route for the northern corridor and […]<\/p>\n","protected":false},"author":84,"featured_media":18825,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28],"tags":[760,763,758],"class_list":["post-18826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nInvestors assess regional railway prospects - Rwanda<\/title>\n<meta name=\"description\" content=\"Potential investors are weighing income prospects in financing the implementation of the Standard Gauge Railway (SGR) pr ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors assess regional railway prospects\" \/>\n<meta property=\"og:description\" content=\"Potential investors are weighing income prospects in financing the implementation of the Standard Gauge Railway (SGR) pr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-02T09:13:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-02T09:21:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/06\/postQueueImg_7-629880fd204e7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Investors assess regional railway prospects\",\"datePublished\":\"2022-06-02T09:13:50+00:00\",\"dateModified\":\"2022-06-02T09:21:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects\"},\"wordCount\":338,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/06\/postQueueImg_7-629880fd204e7.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/investors-assess-regional-railway-prospects\",\"name\":\"Investors assess regional railway prospects - 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