Railnet is in the development and planning stages of an 18,000km Pan-African railway system that will interconnect several Economic community of West Africa (ECOWAS) nations including Mali, Senegal, The Gambia, Burkina Faso, Ghana, Cote D’Ivoire, Liberia, and Nigeria.
The West African ECOWAS Rail System will create thousands of jobs and significantly increase the GDP and other economic status of each country it passes through. It will greatly facilitate inter-regional trade as well as opening the region’s goods to the entire world. As a corollary to the railway system other infrastructure systems will also be implemented or improved.
The proposed rail system will create jobs, stimulate economic growth, and economic development at a rate the region has never experienced.
The proposed rail system will allow the increase in industries in all segments including mining, agriculture, manufacturing, and more. Thousands of jobs starting with entry level positions to skilled labor positions, will be created. This major industrialization will have an effect on the region of 300 million that has never before been possible.
The system will enable goods to be transported by multi-modal solutions from destinations in each member state. It will facilitate and speedily bring the trade rates up from a low 15-20% due to the lack of infrastructural development. It will foster growth in inter-regional trading. One nation’s raw materials can easily be transported to other nations’ factory or processing plants without adding a single truck to the road systems. These systems are already overused, archaic and under deteriorating conditions. This will also allow external trade to see a greater efficiency in both time and cost savings. Ocean shipping lanes can be directed to fewer more efficient sea ports along the West African coast allowing them to shorten their trips at sea.
The new rail system will allow trade across borders to be cheaper, faster, and more predictable, while ensuring the safety and security of the goods.
Along with upgraded and newly constructed railway infrastructures, Railnet International will also work to develop accompanying infrastructure along rail routes including but not limited to communications, power, and water.