(eTN) – Information was received overnight from Berlin, Germany, that a conference between the New Sudan Foundation, ThyssenKrupp GfT Gleistechnik, Ayr Logistics Ltd., and MosMetrostroy has concluded with a comprehensive agreement to commence construction of the proposed railroad from Juba, which according to impeccable sources, will eventually connect the Southern Sudan with the Indian Ocean seaports of Mombasa and Lamu in Kenya.
Since the signing of the Comprehensive Peace Agreement between the regime in Khartoum and the Sudan People’s Liberation Movement in January 2005, the new Sudan Foundation, chaired by Dr. Costello Garang Ring Lual, has pursued this ambitious infrastructure project to link the Southern Sudan with her neighbors Uganda and Kenya. ThyssenKrupp GfT Gleistechnik, seeing the huge potential for rail traffic across Eastern Africa, backed the vision of Dr. Costello and Ayr Logistics Limited, then came on board to raise the massive financing, thought to be the in the region of at least US$3 billion.
Sources from Berlin confirmed that with the required venture capital now fully underwritten and available, the parties came together for a formal meeting in the German capital to put pen to paper. Added information was also provided that Russia’s MosMetrostroy has been selected as the major contractor, having extensive experience in building and rehabilitating railroads across the vast stretches of Russia. They, too, will financially back the project.
Details of the ground breaking will be available soon and be reported here again as breaking news, with eTurboNews having been the first to tell the story of this planned railroad quite some time ago and now being able to bring this breaking news to its readers ahead of the world media.
In a related development, it was also learned that the New Sudan Foundation, alongside the building of the railroad, will also develop complementary projects like access roads, depots, freight terminals, power stations, and hotels, among others, along the railroad in Southern Sudan, bringing much needed extra infrastructure to the Southern Sudanese region. As previously reported, the Southern Sudanese population will vote in a referendum in early January next year, where they are expected to vote for independence from the North to become Africa’s youngest nation.