Mauritius economy on track with historic rail network

news-image

From Savious Kwinika recently in Port Louis

The multimillion-dollar Mauritius Metro Express
light rail network, dubbed the country’s biggest infrastructure
investment project, is set to result in a galore of business
opportunities and vast employment opportunities when it takes off.

The newly-inaugurated US$525 million rail system
project, which covers 26km, seeks to decongest traffic jams by linking
the capital Port Louis and the small towns of Curepipe and Rose Hill.

The railway consists of 19 rail stations with four
interchanges.

Indian company, Larsen and Toubro, is working on the project with a US$275 million grant from the Indian government. Different financial creditors will invest the additional US$250
million.

Local company, Metro Express Ltd, manages and oversees the rail project
construction, which is expected to make profit for the country by the
year 2022.

It is a flagship project of the government under Prime Minister Pravind
Kumar Jugnauth to lure more tourists and investors into the Indian Ocean
island country.

The administration is prioritising on the ease of travelling in Mauritius’
towns.

Besides boosting the tourism sector, the rail project is poised to
improve the lives of an estimated 1,2 million people.

“This is the biggest project ever undertaken in our country,” Jugnauth
said.

Tourism is the fourth contributor to the Mauritian economy, which is
agro-based.

Apart from heavily relying on tourism as its chief source of income
generation, Mauritius boasts cane sugar plantations that cover the
island's 36 percent of total arable land.

The island’s peaceful environment is increasingly attracting more
investors, mainly from the Southern African Development Community (SADC)
region.

They are investing in diverse sectors.

India also enjoys the better share of the market in Mauritius, which is
heading for general elections on November 7.

- CAJ News











 

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