Chinese Government pledges 750 billion CFA loan for Bamako-Dakar Railway Renovation Project (Linked to Project ID#52491)

In 2014, the Chinese Government and the Government of Mali signed an agreement related to possible loan worth 750 billion CFA francs ($1.48 billion) loan to renovate the Bamako-Dakar railway, linking Mali to the Senegalese capital to the west. The agreements were signed during a four-day visit by President Ibrahim Boubacar Keita to China from Sept. 9 to 13 for the World Economic Forum in Tianjin. The loan, if approved, will reportedly carry an interest rate lower than 2% and a maturity of 30 years. The renovation of the railway will increase train speeds from under 20 km/hour to 100 km/hour for passengers and 80 km/hour for freight. On December 22, 2015, it was announced the renovation would be carried out by China Railway Construction Corporation, and involve the renovation of 644 kilometers and 22 railway stations. The duration of the work was estimated to be four years.

Additional details

- The Chinese project title is 达喀尔至巴马科铁路（马里段）的修复改造. - This project is related to Project ID#52491, which captures the Senegal segment of the railway renovation project.

Number of official sources

1

Number of total sources

6