Malawi-China Signs EUR2 Billion Rail Network Deal

The governments of Malawi and China have signed a 2 billion Euros (about K2 trillion) agreement that will facilitate the construction, electrification and signaling of comprehensive rail network in the country.

Minister of Transport and Public Works Jacob Hara signed the deal with China Railway Signal Communication Corporation during the 3rd Road and Belt Forum underway in Beijing, China.

Hara says the deal will bring about the much needed boost to the transport sector, particularly the railway sector.

During this year’s forum, China has entered into over 300 projects with nations around the world, notably four African countries: Malawi, South Africa, Kenya and Guinea Conakry.