Africa50 CEO Alain Ebobissé met with H.E. Felix Tshisekedi, President of the Democratic Republic of Congo and H.E. Denis Sassou Nguesso, President of the Republic of Congo in Dakar, Senegal, to discuss progress on the Rail-Road Bridge project aimed at linking the cities of Kinshasa and Brazzaville.
The two Presidents reaffirmed their commitment to support the implementation of the project in collaboration with Africa50 and all its partners.
Speaking during the meeting, Mr. Ebobissé welcomed their support and said that Africa50 would deploy its expertise in project development and financial structuring to develop a robust Public Private Partnership framework.
Under the terms of an agreement signed during the Africa Investment Forum in Johannesburg in November 2018, Africa50 was mandated by the two governments to develop the rail-road bridge project alongside the African Development Bank, which will act as the debt provider, and the Economic Community of Central African Sates (CEEAC). As the lead developer, Africa50 will structure the PPP framework, lead the project preparation and development phase, and provide equity for construction.
The project, part of the Programme for Infrastructure development in Africa (PIDA) Priority Action Plan, consists of a 1.575-kilometer toll bridge over the Congo River. It will include a single railway track, two road lanes, sidewalks, and a single border checkpoint located at each end, and will be connected to existing road infrastructure in both countries. Its cost was estimated in 2017 to be $459 million.
Fleur Tchibota, Africa50 Head of Communications: +212 666 171 099; email@example.com
Category: Press Release