#Tanzania’s Self Financed #SGR to be Awarded to #Chinese Firms

Bloomberg-Tanzania will sign a $1.3 billion contract on Thursday for two Chinese companies to build a section of the East African country’s new standard-gauge railway network.

The link covering about 340 kilometers (211 miles) in the northwest of the country will be financed by the government at a cost of 3.06 trillion shillings ($1.32 billion), Foreign Affairs Minister Palamagamba Kabudi told reporters.

The signing of the agreement will be witnessed by himself and his Chinese counterpart, Wang Yi, who is scheduled to arrive for a two-day visit on Thursday, Kabudi said.

President John Magufuli, who secured a second five-year term at a general election in October, has pledged to continue upgrading the country’s aging infrastructure, including a 2,560-kilometer railway connecting Dar es Salaam port to land-locked neighbors at an estimated cost of $7.6 billion.

Tanzania awarded two separate tenders in 2017 and 2019 to Turkish firm Yapi Merkezi Insaat VE Sanayi AS to build more than 700 kilometers of high-speed railway from commercial hub Dar es Salaam to Makutupora in the center of the country at a combined cost of more than $3 billion.

Please follow and like us:

Rail-Bus

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

#China Debuts High-Speed Train for extremely low Temperatures

Fri Jan 8 , 2021
China on Wednesday debuted a high-speed Electric Multiple Unit (EMU) that can operate under temperatures as low as minus 40 degrees Celsius in Beijing.Xinhua丨Updated: January 7, 2021 China on Wednesday debuted a high-speed Electric Multiple Unit (EMU) that can operate under temperatures as low as minus 40 degrees Celsius in Beijing. […]
%d bloggers like this: