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EAC presidents back $78bn mega projects

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.

However, at the EAC Heads of State Summit in Kampala, attended by Presidents Yoweri Museveni of Uganda, John Magufuli of Tanzania, Salva Kiir of South Sudan and Uhuru Kenyatta of Kenya, it was clear that funding these projects would be an uphill task.

With the exception of President Kiir — who was preoccupied with rallying the EAC to support him against the arms embargo and sanctions imposed by the international community on his government — and Burundi’s Vice-President Gaton Sindimwo — whose only contribution to the discourse was to say he backed the proposals — the Summit dwelt largely on how the six countries would raise the $78 billion.

 

Source: The East African

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