- AFC, together with Alstom, has signed a Memorandum of Understanding (MoU) to propel the development of the MetroKin rail project Kinshasa, Democratic Republic of Congo
- AFC has committed an initial investment of US$3 million to advance the project development phase, leading to financial closure
- This significant partnership was announced alongside the recent state visit of His Excellency Félix Tshisekedi, President of the Democratic Republic of Congo, to France
Democratic Republic of Congo, MetroKin rail project in Kinshasa to benefit greatly as Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, together with Alstom, a pioneer in sustainable mobility, has signed a Memorandum of Understanding (MoU).
This significant partnership was announced alongside the recent state visit of His Excellency Félix Tshisekedi, President of the Democratic Republic of Congo, to France.
Modernization of existing rail network improving connectivity between suburbs and city Centre
Kinshasa faces critical transport infrastructure challenges, exacerbated by rapid population growth and inadequate development. The current transportation system meets less than half of the daily demand, according to the city’s urban transport master plan. This project aims to expand and modernize the existing rail network, improving connectivity, reducing greenhouse gas emissions, and significantly cutting transportation times between the suburbs and city center.
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AFC has committed an initial investment of US$3 million to advance the project development phase, leading to financial closure. As the Mandated Lead Arranger, AFC is spearheading this transformative urban project.
The partnership builds on AFC’s prior agreement with Trans Connexion Congo (TCC) to develop a mass transit system that extends over 300km of railroad in Kinshasa, the most populous city in Africa. The project will unfold in four phases, starting with the overhaul of a 25km stretch from Kinshasa’s central station to N’Djili International Airport, completely upgrading the existing railway.
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Amadou Wadda, Senior Director of Project Development & Technical Solutions at AFC, said,”We are pleased to welcome a global institution of high repute like Alstom to the project. Their expertise will be crucial as we push forward with this project, which promises to reshape Kinshasa’s economic landscape, create numerous jobs, and transform lives.”
Alstom’s involvement as a strategic industrial partner supports the broader goal of enhancing urban mobility across Africa.
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Bernard Peille, Managing Director at Alstom for Africa stated, “Through our enhanced presence in the region, Alstom is committed to partnering with MetroKin to support the development of an effective mass urban transit solution for Kinshasa. We aim to contribute to the city’s development ambitions by leveraging our global expertise and supporting its citizens in their mobility needs.”
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The project has reached significant milestones, with Alstom joining at a crucial time when detailed technical designs are being finalized.
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