23 C
Kenya
Friday, September 25, 2020

Qatar’s Sh. 131 billion Rwanda airport set to beat JKIA

Must Read

KRA unable to trace Sh. 896 billion secretly wired from offshore banks

Cash Hidden Abroad: The Kenya Revenue Authority has lost track of nearly Sh. 1 billion that was wired into...

Visa partners with legend Didier Drogba to champion small businesses

Visa partners with Drogba to champion small businesses and show ‘Where You Shop Matters’ Visa Inc. (NYSE:V) today unveiled a partnership...

Borrowers at Spire Bank default on 90 per cent of all loans given out

Spire Bank Loans: Borrowers at troubled Spire Bank are not paying back loans. The borrowers have defaulted a record...

Bugesera International Airport: Rwanda and Qatar have entered into a partnership that will see the building of Sh. 131 billion Bugesera International Airport outside Kigali. The airport, when complete, will have the capacity to handle 14 million visitors annually. This is double the current capacity that is handled by the Jomo Kenyatta International Airport.

Currently, JKIA has a passenger capacity of 7.5 million. The airport handles 6.5 million passengers annually. This means that once the airport is complete, Rwanda will be on its way to becoming the regional aviation hub.

Rwanda marks fresh milestone as electric cars hit the road

Following the deal, Qatar Airways will take a 60 percent stake. The project will involve the building, owning, and operating the new airport.

“The agreements signed today mark a key milestone in the development of Rwanda’s vibrant aviation sector, in the context of the excellent bilateral relationship between Qatar and Rwanda. The new airport is being redesigned to accommodate seven million passengers per year, with a second phase for 14 million passengers a year expected to start by 2032,” said a statement on the deal.

Bugesera will be the country’s third international airport after Kigali International Airport and Kamembe International Airport in western Rwanda.

According to  report in the Business Daily, the proposed airport will be more than double the investment that Kenya would have invested in the now cancelled Green Field Terminal at the JKIA, which was meant to strengthen the country’s position as the leading aviation hub in the region.

“Rwanda has been seeking category one status to enable its national carrier, RwandAir, to fly directly to the US and it is likely that with the new investment, this will increase its chances of getting the approval,” says the report.

The report further says that Qatar Airways will likely use the airport as its East African regional hub where it can connect passengers to other destinations such the US and Europe, without necessarily having to fly back to Doha as is the case now.

“Unconfirmed reports indicate that Qatar Airways is keen on operating some of its flights from Kigali, a move that will save the carrier operational costs given that it has to cover longer distances to Doha following an air blockade by four Middle-East countries,” it says.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

188,487FansLike
11,005FollowersFollow
194FollowersFollow
292SubscribersSubscribe
WhatsApp
Telegram

Latest News

Sacked senior Equity manager now demands Sh. 133 million pay

A senior banker who was fired from Equity Bank less than two months ago has now sued to get...

Jambojet Launches A Campaign To Encourage Domestic Travel

Regional low-cost carrier Jambojet has partnered with various players in the travel industry to launch a campaign that will encourage domestic travel. The campaign dubbed...

Equity Afia Opens 3 New Medical Centres In Kitengela, Ngong And Along The Eastern Bypass

Equity Afia Opens 3 New Medical Centres In Kitengela, Ngong And Along The Eastern Bypass Equity Afia, the medical franchise of Equity Group Foundation (EGF),...

Sacked senior Equity manager now demands Sh. 133 million pay

A senior banker who was fired from Equity Bank less than two months ago has now sued to get Sh. 132.7 million from the...

Carrefour to Open Three Stores in Mombasa

Carrefour to Open Three Stores in Mombasa Carrefour, operated in Kenya by Majid Al Futtaim, is expanding its retail footprint across the country with the...

More Articles Like This