Project Description
The project consist of a $5 million A-loan and $5 million standby facility for the expansion and modernization of Intraspeed S.A.R.L. (Intraspeed or the company), a Rwanda-based freight forwarding company serving the Great Lakes Region of Eastern Africa (the project). The estimated project cost is $21.6 million. The project comprises the purchase of:
- 100 new trucks, trailers and tankers to expand its freight hauling business, and
- land for maintenance facilities in Kampala, Kigali, Mombasa and Dar-es-Salam, and (iii) fork lifts and other equipment.
Intraspeed was incorporated in Kigali, Rwanda, in 1996. The company currently provides customs clearing services at the ports of Mombasa, Dar-es-Salaam and Mtwara as well as road haulage services from these ports to various destinations in Kenya, Uganda, Rwanda, DRC, Tanzania, Burundi and Zambia.