EAC presidents back $78bn mega projects, but who will foot the bill?
Left to right: Presidents Salva Kiir, Uhuru Kenyatta, Yoweri Museveni (back in white shirt), John Magufuli and Burundi vice-president Gaston Sindimwo. Rwanda Infrastructure minister James Musoni walks behind Mr Kenyatta. The East African leaders met in Kampala, Uganda for the EAC summit on February 24, 2018. PHOTO | PPU
East African heads of state have recommitted to the construction of 286 ambitious infrastructure projects intended to link the region and increase electricity generation capacity. To complete these projects the region has to find at least $78 billion, over a 10-year period.
If the projects are implemented, East Africa will see an increase in installed electricity capacity of 6,734MW, from 4,245MW, 7,600km of improved roads as well as 4,000km of standard gauge railway lines, 3,000km of oil pipelines and an oil refinery.
