A solid cost for the construction of the mew Bugesra airport has lastly been announced by the government after several revisions ever since the inception of the project. The airport is now estimated to cost $650 million when completed.
According to the East African newspaper, the investment is the largest in Rwanda’s history.
Media reports indicate that the China State Construction Engineering Corporation (CSCEC) has won the deal to construct the multimillion Bugesera Airport.
The Governement of Rwanda is currently in talks with CSCEC to raise funding from Exim Bank. Exim funds are usually concessionary loans that attract low interest rates and whose repayment is spread over a long period of about 20 years.
Bugesera International Airport will become Rwanda’s largest International Airport, serving commercial flights destined to and from the greater Kigali metropolitan area. The new airport is estimated to handle three million passengers annually.
This move has been anxiously awaited by Rwanda’s aviation fraternity, in particular RwandAir, whose expansion drive depends largely on the new airport coming in a few years’ time.
The Rwandan national airline is expected to commence direct long-haul flights after their two ordered B787 Dreamliners have been delivered, expected to be in the 2015-2016 period, and then urgently requires state-of-the-art facilities capable of catering to the traffic expected by then.
Rwandair is turning Kigali into a major hub for transit passengers, who are using the airline to fly beyond Kigali to the growing number of West African, Southern African, Eastern African, and Gulf destinations.