African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

  • Written by  Africa50

Johannesburg, South Africa, 7 November 2018 – On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.

Under the terms of the framework agreement, the two governments have mandated Africa50 and the African Development Bank to develop the project as a public private partnership, the bank will act as the debt provider under the aegis of the Economic Community of Central African States. As the main developer, Africa50 will lead the project development, help select a strategic partner, and provide equity for construction.

“Upgrading the infrastructure of the Republic of Congo is one of our foremost priorities, in particularly transport, which can help us diversify our economy through increased trade and investment.”, said Jean-Jacques Bouya, Minister of Large Construction Works of the Republic of Congo. “The positive socio-economic impacts from this project will be significant, stimulating trade and economic growth and creating jobs in the Republic of Congo and beyond”.

Modeste Bahati Lukwebo, Senior Minister of Planning of the Democratic Republic of Congo, added that, “The construction of this bridge will not only link to the cities, but will speed up regional integration beyond our borders. The Democratic Republic of Congo is proud to be a partner in this effort, which aligns with our vision to modernize basic infrastructure. We look forward to working with Africa50, the African Development Bank and the Economic Community of Central African States”.

This landmark 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, a double-lane road, sidewalks, and a single border checkpoint at each end. It will be connected to existing road infrastructure in both countries. The cost estimated in 2017 was US$550 million.

The bridge will improve transport networks between Kinshasa and Brazzaville. Tthe two closest capitals in the world are currently only linked by ferries. Once the bridge is built, the existing traffic of an estimated 750,000 people and 340,000 tons of freight a year, is expected to increase to over 3 million people and 2 million tons of freight by 2025.

The governments of the two countries have long been working on this crucial infrastructure project, signing initial protocols in 2007, and cooperating on and co-funding the feasibility study with the African Development Bank.

The President of the African Development Bank, Akinwumi Adesina said “The idea to connect the two capitals dates back to the mid-19th century. This project is just the beginning, more will follow.”

Pierre Guislain, Vice-president: Private Sector, Infrastructure and Industrialisation of the African Development Bank added “This project is an example of what the Africa Investment Forum is about: creating partnerships between African institutions and, the private sector for transformative projects.”

Alain Ebobisse, CEO of Africa50 said, “Straddling two borders, this project presents unique and complex structuring and development challenges, requiring a robust, detailed PPP framework. This is where our expertise in project development can make a difference. With the guidance of the Democratic Republic of Congo and the Republic of Congo; and the support of the African Development Bank and the CEEAC, we are convinced that this transformative project can materialize in a few years.”

Login to post comments
back to top

BEAMED BC-TV

Latest on Economy

Economy

Mozambique to host 12th U.S.-Africa Busi…

14 March, 2019 | Hits:1483

Johannesburg, South Africa (ADV) – Mozambique is s...

Economy

Aliko Dangote named richest person in Af…

05 March, 2019 | Hits:1800

Aliko Dangote, the Nigerian businessman and Presid...

Economy

Expert: Small fragmented African airline…

28 February, 2019 | Hits:1857

Like it has been the case in previous years, the g...

Economy

SKA infrastructure design complete

28 February, 2019 | Hits:2928

South African Science and Technology Minister Mmam...

Economy

Kenyan and Chinese firms secure geotherm…

28 February, 2019 | Hits:875

Ethiopian Electric Power (EEP) has signed a deal w...

Economy

South Africa stimulus package to create …

28 February, 2019 | Hits:1251

Transport Minister Blade Nzimande has announced a ...

Economy

eSwatini is facing an unprecedented econ…

28 February, 2019 | Hits:1001

eSwatini’s economy probably contracted in 2018 and...

Economy

80% of women in low- and middle-income c…

27 February, 2019 | Hits:800

80 per cent of women in low- and middle-income cou...

Economy

South Africa - India trade relations dee…

27 February, 2019 | Hits:837

Two KwaZulu-Natal companies are on a mission to ex...

Economy

Closing Africa’s financing gap

27 February, 2019 | Hits:875

Toward the end of 2018, the United States merged e...

Economy

First China-Africa economic, trade expo …

27 February, 2019 | Hits:884

At least 1,000 African guests and traders will att...

Economy

Ethiopia moves to boost ease of doing bu…

27 February, 2019 | Hits:811

Ethiopia continues to work towards improving ease ...

Economy

US $7bn to be injected into infrastructu…

27 February, 2019 | Hits:826

South Africa is set to commit US $7bn over the nex...

Economy

Mozambique, Soliridad Southern Africa in…

26 February, 2019 | Hits:852

The National Institute for Standardization and Qua...

Economy

Mozambique, Soliridad Southern Africa in…

26 February, 2019 | Hits:893

The National Institute for Standardization and Qua...

Economy

Ethiopian Airlines to operate all-female…

26 February, 2019 | Hits:805

Ethiopian Airlines has announced that it has final...

Economy

Africa: The first African Digital Rail S…

26 February, 2019 | Hits:875

Cape Town, South Africa, 25 February 2019 - "Afric...

Economy

Tech startups in Sub-Saharan Africa to g…

26 February, 2019 | Hits:767

Tech startups from Sub-Saharan Africa markets to g...

Economy

IFC invests $15 million in Comoros telec…

25 February, 2019 | Hits:872

International Finance Corporation has made its fir...

Economy

MafAfrique to invest $7 Million in Tanza…

25 February, 2019 | Hits:893

Advisory and fund management group, MafAfrique, ha...

By Category

Local News

User Menu

About Us

Follow Us