Rwanda reopens talks with new Bugesera airport investor

Sunday December 13 2015

By Moses K Gahigi, Rwanda Today

The government has entered into fresh negotiations with an investor who has expressed interests in taking up the Bugesera International Airport.

The mega project had stalled for some time after the government failed to get a serious investor following the collapse of negotiations with China State Construction Engineering Corporation (CSCEC) in 2013.

Reports indicate that, although nothing has been signed yet, the unnamed investor seems serious, which has perhaps prompted the government to take the project off the table of projects that have failed to attract investor interest.

Although the Rwanda Development Board (RDB) has declined to reveal the investor, preferring to do so after the deal is concluded, it has confirmed that negotiations with the investor are at an advanced stage and a deal is likely to be struck soon.

“The negotiations are ongoing with the investor, I can’t provide details at this stage, we have been in negotiations for some time, details will come in due time,” said Yvette Umutoni, acting head of investment promotion and facilitation at RDB.”

Ms Umutoni added: “The investor seems serious; that’s why the negotiations are continuing.

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“But we always welcome other investors who could be interested.”

Asked if there have been any adjustments in the project to make it more palatable for investors, she said: “We haven’t adjusted anything.

“I don’t think there were any adjustments needed; the project is the way it was.”