Business

Russia may participate in construction of Trans-African railway

Moscow is ready to take part in the ambitious project of constructing a cross-continental railway line which will connect East and West Africa. Thats according to the Russia-Sudan intergovernmental commission.

“The Sudanese side expressed interest in participation of the Russian companies in constructing of the Trans-African railway over Dakar – Port Sudan – Cape Town,” said the commission in a document seen by TASS.

It added that “The Russian side confirmed readiness to work out the opportunity for participation… but asked for [the] provision of all the financial and legal characteristics of this project."

Also on rt.com Russia will light up Africa – Putin

The Trans-African railway line is part of the African Unions plans to connect the port of Dakar in West Africa to the port of Djibouti in East Africa. It will run through 10 different countries (many of them landlocked) and is expected to boost trade on the continent.

The route will be the expansion of the existing Trans-African Highway 5 (TAH5). The first phase of the project will be an estimated $2.2 billion upgrade to 1,228 kilometers of existing rail between Dakar, the capital of Senegal, and Bamako, the capital of neighboring Mali.

Also on rt.com China pledges $60bn to Africa, rejects debt trap claims

READ MORE:Chinas New Silk Road to significantly boost global trade

The project has already attracted Chinese investment in African infrastructure through Beijings ambitious Belt and Road Initiative (BRI).

For more stories on economy & finance visit RT's business section

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