Establishment of a navigational line between Lake Victoria and the Mediterranean Sea – Feasibility study Phase 2 (VICMED)
Project description and objectives:
The assignment is a multimodal transport project to link between Lake Victoria and the Mediterranean Sea, circa 5,500km.
The general project objectives are to:
Achieving socio-economic integration and cohesion
Enhancing trade and tourism
Offering a cheaper transport alternative
Bringing a sustainable integrated multimodal transport
The specific project objectives are to
Connecting footprint countries
Providing opportunities for landlocked countries
Support economic development
Providing effective support and facilitation for trade
Reinforce region’s position with the global economic system
Allowing more cooperation
Enhancing regional integration
Beneficiary Countries: Egypt, Sudan, Tanzania, Kenya, DRC, South Sudan, Ethiopia, Uganda, Rwanda and Burundi
Project Status:
According to the latest available information, the project is under Feasibility stage – Phase 2 (S2B).
Financial needs:
8.5-11.7 Mn USD for feasibilities studies
Private Sector Opportunities:
Not developed to date