Arusha — A large percentage of the East African Community (EAC) plans for the development of the infrastructure should start to be based on locally sourced funds.
This is rather better than waiting for development partners who delay to fund projects thus locking up the region's investment opportunities. According to a diagnostic study report of the two corridors by Nathan Associates Inc of USA, the regional business community is losing over $1.9bn annually in transport costs due to the poor infrastructure on the northern and central corridors.
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