Mmegi

Afreximbank confirms interest in Mmamabula-Lephalale funding

Aiming high: Botswana Railways is advancing several regional rail linkages, including the Mmamabula-Lephalale line
Aiming high: Botswana Railways is advancing several regional rail linkages, including the Mmamabula-Lephalale line

Afreximbank, the continent's primary trade finance institution, has confirmed its interest in funding the long-awaited Mmamabula-Lephalale railway line, a key bulk commodity link expected to cost $627 million (P8.7 billion) in its first phase.

The link will run for about 120 kilometres from Mmamabula to Lephalale in Limpopo, before linking up with existing lines to run to Richard's Bay port terminal, with a possible future expansion to Mozambique.

The latest available figures indicate that the initial phase would involve developing 7.8 million tonnes per annum capacity with the associated rolling stock leading an estimated cost of $627 million. The second phase would involve an expansion to 18 million tonnes per annum at a cost of $1.13 billion (P15.6 billion).

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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