ECOWAS RAILWAY SYSTEM
Railnet is also 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 or trading not among the west African countries only, but to the entire world. In addition to the railway system other infrastructure systems will also be implemented or improved.
Because of trade facilitation 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 in the manner that has never been possible . Also, it will facilitate and speedily brings the trade rates up from dwindling low 15-20% which is currently the order of the day because of lack of infrastructural development. It will foster growth in inter- regional trading, for example 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 which are already overused, archaic and in many cases left in a 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.
Simply put 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.
In addition to 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.
The Economic Community of West African States (ECOWAS) is an economic organization established for the purpose of economic growth and development in the West African sub-region as well Africa as a continent .The post independent experiences of African countries had made the formation of ECOWAS as a matter of necessity. Historically, it could be recalled that on the 28th of May 1975, Heads of State and Government of 15 Independent Countries/States of West Africa converged in Lagos, Nigeria , where they signed the treaty formally establishing ECOWAS aimed at liberating West African Countries economically from the shackles of imperialism. With the inclusion of Cape Verde 1977, the community membership increased to 16 member-states, made up of 5 Anglophone Countries to wit: 1. Nigeria 2. Ghana 3. Sierra Leone 4. Gambia 5. Liberia AND 11 Francophone members, to wit: 6. Togo 7. Guinea 8. Mali 9. Senegal 10. Upper Volta (now Burkina Faso 11. Ivory Coast (now Cote d'Ivoire) 12. Dahomey (now Benin Republic) 13. Guinea Bissau 14. Niger republic 15. Mauritania 16. Cape Verde. Mauritania latter withdrew from the community in 2002 thereby returning the number to 15. As a matter of cardinal interest and common goal, these countries have both cultural and geographical ties and share common economic interest. In further description, the region of West Africa is located in west of North-South axis lying close to 10 degrees east longitude. In its boundaries description, it could be analyzed thus: Atlantic Ocean forms the Western as well as the Southern borders of the West African region. The Northern border is the Sahara Desert, with the Ranishanu Bend generally considered the Northernmost part of the region. The Eastern border lies between the Benue Trough, and a line running from Mount Cameroon to Lake Chad.
The presence of Railnet International will help the region to achieve the following:
Promotion of co-operation and development in all fields of Industry, transport, energy , agriculture and commerce for the purpose of raising the standard of living of the people and also enhancing closer relations among its members therefore contributing hugely to the development of the African continent.
Railnet International will also help the region to harmonize the economic and industrial policies of the member-state and eliminate disparities in the levels of development by giving the region a durable and sophisticated rail way system which will foster an efficient transportation network.