Quebec's rail expert signs a contract worth over $4M for a project in Africa
MONTREAL, March 28, 2012 /CNW Telbec/ - CANARAIL is proud to announce the signing of a contract worth over $4M, funded primarily by the African Development Bank, through the Rwanda Transport Development Agency (RPPA), that represents Rwanda's, Burundi's and Tanzania's transportation ministries for the implementation of the second phase of the major railway study project, the Dar Es Salaam-Isaka-Kigali / Keza-Musongati.
The project consists of the construction of a new railway line between Isaka (Tanzania), Kigali (Rwanda) and Musongati (Burundi), and includes the upgrading of existing infrastructure between Dar Es Salaam (Tanzania) and Isaka.
The project's primary goal is to enable an increase in freight transport, and possibly passengers, while ensuring the network's financial sustainability and promoting the development of the mining sector. This sector is growing quickly in the region, and is attracting a great deal of interest at an international level. The project will also help to reduce transportation costs for goods between Rwanda and Burundi.
"By awarding this contract to CANARAIL, the authorities of Rwanda, Burundi, and Tanzania are expressing their undeniable confidence in the company, strengthening our position as a partner of choice in African freight and mining rail projects. We are proud to support these countries in their economic development efforts, since the improvement of rail infrastructure has such a positive and sustainable impact on all the people involved," said CANARAIL's President, Mr. Miguel Valero.
CANARAIL will supply its expertise in identifying both the most optimal design for the DSM-Isaka-Kigali / Keza-Musongati section of the project, and the best financing and structuring options for the proposed model of the project, a PPP (Public Private Partnership).
Founded in 1991, CANARAIL is a Quebec-based consulting firm that specializes in rail transport in mining, freight, and urban domains. Known for its expertise in feasibility studies, consulting, and the design and construction of major projects, the company also benefits from the synergies with its shareholder, the French group SYSTRA, one of the world's largest rail consortiums. Over the last 20 years, CANARAIL has participated in over 500 projects in Canada, the Middle East, Asia, Africa, North America, Australia, Europe, and Latin America. CANARAIL is headquartered in Montreal.
For further information:
To set up an interview, or for more information on this contract, please contact:
Cohn & Wolfe | Montréal
Tel. : 514-845-7060