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Experts to meet over rail transportation financing challenges


railway construction

To proffer solution to the funding crisis and likely debt crisis associated with railway transportation in Africa, a rail advocacy group, African Railway Roundtable, and Swiss and South African rail associations have planned a forum to dissect way out of the crisis.

It, therefore, has scheduled a railway financing conference and exhibition for October 24th, 2019. The event slated for Abuja is co-sponsored by the Nigerian Federal Ministry of Transportation, German Friendship Society, South African Railroad Association, Railway Working Group of Switzerland among other partners.

At a meeting with journalists, Director, African Railway Roundtable, Olawale Rasheed said high profile speakers lined up for the event include Minister of Transportation, heads of national railway agencies, finance professionals, logistics experts alongside critical procurement decision-makers, railway manufacturers and other stakeholders.

Rasheed said: “Railway transport is a sector attracting passionate interest among African leaders with several governments embarking on ambitious railway expansion and modernization,” yet financing railway is a major headache for Africa.

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