USD 956 million needed for the modernization of the Matadi-Kinshasa railway
The Matadi-Kinshasa railway modernization project necessitates a budget of $956 million, as revealed by Adel Kayinda, Minister of State and Minister of Portfolio, during the recent Council of Ministers meeting held on February 16, 2024. Kayinda outlined the essential steps required for the successful execution of this transformative railway project in the Democratic Republic of Congo (DRC), emphasizing positive assessments from the Analysis Commission regarding technical, financial, and legal aspects. Four critical conditions were highlighted for the project’s success: 1.Establishment of a project company to oversee the CFMK. 2.Formation of…
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