The Government of Rwanda is planning to borrow US$1bn to fund various infrastructure projects in the country next year. The most pressing of the development projects is the construction of Bugesera International Airport and power plants.
The government was forced to borrow from the international community after foreign investors failed to fund key projects in the country.
The airport will be located in southeastern Rwanda, Bugesera District and will be Rwanda’s largest International Airport when complete, serving commercial flights destined to and from the greater Kigali metropolitan area. It will also be Rwanda’s third international airport and the country’s eighth.
The new airport is aimed at addressing the rise in the number of passengers at the Kigali International Airport which is currently operating beyond its capacity of 300,000 passengers per year. The airport is operating at 10 times its capacity and has been expanded as a short-term measure.
The airport was expected to be ready by 2017, but construction is yet to commence and thus the need for the funds being sourced by the government.
The government initiated a rural energy promotion programme where it identified sites to be developed by individual or private firms under public-private partnerships. This is considered to be one of the other ways to meeting the energy demands and reducing energy costs, and establishing profit-making initiatives in Africa.
Design of the Bugesera International Airport
Read the full article here: http://constructionreviewonline.com/2014/08/13/new-bugesera-international-airport-rwanda-among-projects-need-us1bn/