Tanzania: Govt Applies for U.S. $215 Million Funds

Dar es Salaam — Tanzania has applied for $215m financing from the World Bank to open-up Dar es Salaam corridor as well as boosting its economy.

The funding will also go towards the Southern Africa Trade and Transport Facilitation Project (SATTFP). SATTFP's main objective is to contribute to economic growth in the Eastern and Southern Africa by facilitating the movement of goods, people and fostering regional integration. According to a proclamation by the Tanzania National Roads Agency (TANROADS), the government intends to apply part of the money to pay for goods, works and consulting services to be procured under the project.

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