The government of Canada through the Canadian Commercial Corporation (CCC), has offered its Senegalese counterpart financial support of close to US$ 3.51bn for the reconstruction of the Dakar-Tambacounda railway.
CCC is a Canadian Federal Crown Corporation that offers commercial advocacy, collaborative project development, and foreign contracting expertise to help Canadian exporters secure international contracts with government buyers around the world.
The financing offer was announced by the Director-General of the Société des Nationale Chemin de Fer du Sénégal (SN-CFS) or rather the National Railway Company of the West African country, Mr. Kibily Touré.
According to Touré, the offer was submitted to the Senegalese authorities back in June this year and so far both parties “have achieved an important agreement”.
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Scope of the project
The Director-General of the SN-CFS said that the agreement or the project consists of the construction of a new double standard gauge line with an axle weight of 22. 5 tons.
“Dubbed Dakar-Tamba Fast Track, this offer also provides for the construction of a total of 194 km of mining, industrial and port branch lines, and this is what makes the project even more profitable, “ he explained adding that, “it is the Canadian government that will guarantee the construction of the new railway line and the structuring of the financing. The debt burden will be assumed by operating revenues.”
The implementation works of the Dakar-Tambacounda railway project will begin in September next year (2022) for a period of 54 months, the equivalent of four and a half years.
