Subscribe & Follow
Advertise your job vacancies
Trending
Jobs
- Vacation Work - Industrial Engineering Students Cape Town
- Junior Engineer Cape Town
- Junior Engineer Isando
- Expediting Administrator - Engineering Sector Johannesburg
China to finance Mali strategic railway overhaul
BAMAKO: China has agreed to finance a much-needed overhaul of the Malian stretch of the key railway line between Bamako and Dakar, the Malian transport ministry said on Monday, 28 December.
The renovation, costing $1.4bn, comes after China last week said it would also finance the Senegalese part of the line, for over $1.1bn.
The Bamako-Dakar line, around 1,300km (800 miles) long, is vital for trade between Mali and Senegal but has been in bad shape, hampering smooth exchanges.
The contract between Bamako and state-owned China Railway Construction Corporation International for the 600km railway stretch running through Mali was signed on Saturday, the ministry said.
The deal also includes the training of engineers and technicians, an overhaul of 22 train stations and the construction of a domestic railway line.
The Chinese funds were loaned to Mali at an interest rate of two percent or lower and are to be repaid over 30 years.
The railway is key to the trade of landlocked Mali, as part of its goods transit through the Senegalese port of Dakar.
Mali and Senegal revoked a 25-year operating concession awarded to Advens after only 12 years, accusing the French company of neglecting the upkeep of the line.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
