Namibia, Botswana Look to Establish Coal-Export Line

By Makula Dunbar Published: February 12, 2014, 5:50 pm
Thinkstock

Written by Felix Njini | From Bloomberg

Botswana and Namibia will sign a deal at the end of this month to develop a 1,500-kilometer (932-mile) railway for transporting coal exports to the port of Walvis Bay, according to the Botswana Chamber of Mines.

“Technical glitches” delaying the Trans-Kalahari project have been resolved, Charles Siwawa, chief executive officer of the chamber, said in a phone interview February 10. While he declined to give further details, Siwawa said the joint-venture agreement, originally due to be signed last April, paves the way for funding initiatives and tenders.

Chinese and Indian demand for the more than 200 billion metric tons of coal in Botswana’s central Karoo basin could boost economic growth in the landlocked southern African nation, Siwawa said. The Trans-Kalahari line, which dovetails with Namibia’s plan to develop the port of Walvis Bay, requires an investment of about $15 billion, Siwawa said.

Read more at Bloomberg

Sign up for the AFKInsider newsletter — the most compelling business news you need to know from Africa and the African diaspora, delivered straight to your inbox.

Tags: , , , , ,