JOHANNESBURG – The African Development Bank (AfDB) and Africa50 on Thursday signed an agreement with the Democratic Republic of Congo (DRC) and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.
This landmark project consists of a 1 575km 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, connecting to existing road infrastructure in both countries.
The cost estimate in 2017 was $550 million (R7.7 billion).
The two governments have mandated Africa50 – an infrastructure investment platform investing in bankable projects – and the AfDB to develop the project as a public/private partnership, while 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. The deal was signed on the sidelines of the Africa Investment Forum in Johannesburg.