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China to Finance Part of Tanzania’s SGR Project

Infra News - Published on Fri, 12 Jul 2019

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Construction Review Online reported that Tanzania’s standard gauge railway project is set to receive funding from China. This is according to Foreign Affairs Minister Palamagamba Kabudi. The Chinese government has declared its intention to support the SGR construction at a later stage, and is now doing its own evaluation of the project before engaging us in further talks, said Prof Kabudi.

China’s Exim Bank proposal to fund the project was earlier rejected in favor of a Turkish-Portuguese consortium. After that deal failed, Tanzania declared that it would pay for the project out of its own pocket. That has worked for the first two phases of the project, Dar es Salaam-Morogoro and Morogoro-Makutupora, covering 726km and costing USD 2.5 billion.

The SGR, stretching 1,457 kilometer from Dar es Salaam to western Tanzania, is one of the mega-infrastructure projects being touted by President John Magufuli’s government as key to its industrialisation agenda over the next decade. The budget for the railway is USD 7.5 billion, with a five-year completion timeline.

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Posted By : Mohan Sharma on Fri, 12 Jul 2019
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