Tanzania: Govt Issues U.S.$309.645 Million Advance Payment to Stiegler's Gorge Contractor

Dar es Salaam — The government today has issued an advance payment amounting to $309.645 million (Sh688 billion) to Egyptian company- Arab Contractors for the construction of the 2, 115 MW Stiegler's Gorge Hydropower project on Rufiji River.

The government and Arab Contractors in December, 2018 signed a contract worth Sh6.558 trillion fully funded by the Tanzanian government. The $309.645 million is the advance payment which is 15 per cent of the total cost of the project.

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