Rwanda will today witness the launch of the first-ever inland port built in the capital Kigali – making landlocked countries free from market barriers.
A subsidiary of Dubai Ports World, the facility is expected to be launched by President Paul Kagame.
The Dubai port operator established $80 million project subsidiary in Rwanda – meant to reduce on the cost and duration traders have been incurring to move their goods from the main ports in Mombasa (Kenya) and Dar-es-Salam in Tanzania.
A statement released by the United Arab Emirates-based Dubai Ports World in November last year said the Kigali port will help Rwanda serve as a regional hub for Intra-African trade, despite being a land-locked country.
The port provides a platform for the traders to boost their accessibility to the global market and enhance their business improvement through one-stop-shop.
Currently, the cost of transport of a 20-foot container from Shanghai in China to Mombasa port costs between $500 to $1000, whereas transport cost for the same container from Mombasa to Kigali varies between $3000 and $4000.
The first phase of the port to be launched today includes a container yard and goods storage facilities, space for cargo forwarders, shippers and transport operators.
It hosts a 12,000sqm2 container yard with a capacity to hold 50,000 units and two 19,600 sqm2 warehouses with an estimated annual capacity of 640, 000 tons each.
With a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses in over 40 countries across six continents, DP World is a leading enabler of global trade and an integral part of the supply chain.