Based on prior plans by the government of Rwanda to make Kigali a center of attraction, in terms of transportation for the East African regions, positioning it as a point for business, travel, and shipping, the government has approved the construction of a US$700 million international airport in Bugesera, Rwanda.
A concession agreement has been sealed for the construction of Bugesera International Airport worth US$700mln, between Rwanda and the Engineering, Procurement, and Construction (EPC) contractor.
The signatory procedures were completed by James Musoni, Minister of Infrastructure, who signed on behalf of the Government of Rwanda while Manuel Mota, Chief Executive Officer of Monta-Engil signed on behalf of the Engineering, Procurement, and Construction (EPC) contractor.
The project worth US$700mln will be of benefit to about 2,000 local residents as it will provide jobs throughout the construction process.
Also, the government hopes that the new airport will clear the air traffic load that hits the Kigali international airport which has served as the only popular airport in the country.
According to Mr. Emmanuel Rugambwa, a Strategic Investment Analyst at the Rwanda Development Board. “We have anticipated this project for close to 10 years, all the while relying largely on local expertise,”
“When we approached the ALSF, they swiftly helped us procure the required expertise to structure the project such that it attracts private capital. Since then, we’ve had many banks express interest in joining the project. The ALSF grant also includes a capacity building component which ensures that the procured experts will train Rwandans to monitor the project’s development, as well as to structure future projects in a similar manner,” he added.