Rwanda’s capital Kigali is set to become a nerve center for business, travel, and shipping in the sub-region with the construction and operation of a new airport.
With the support of the African Legal Support Facility, the Government of Rwanda successfully signed a Concession Agreement for the development of the Bugesera International Airport whose estimated cost is $700 million.
Hosted by the African Development Bank (AfDB), the African Legal Support Facility provides legal advice and technical assistance to African countries in their dealings with investors who previously took the upper hand in negotiations.
Rwanda’s President Paul Kagame laid the airport’s foundation stone terming it an important national project.
The Bugesera International Airport project will be executed in four phases, the first involving approximately 27 months of construction estimated to cost $400 million and expected to be completed by 2019.
The project is aligned with Rwanda’s Vision 2020, an ambitious strategy aimed at transforming the country into a knowledge-based, middle-income nation as well as its Economic Development and Poverty Reduction Strategy (EDPRS).
Upon completion, the new airport is expected to accommodate 1.8 million passengers annually.