Tanzania: SGR on Track After Govt Secures U.S.$1.46 Billion More for Project

Tanzania has had a breakthrough in its standard gauge railway (SGR) external financing and the government no longer has to dig into its pockets to complete the $7.6 billion project.

On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases of the project, covering a distance of approximately 550km from Dar es Salaam to Makutupora.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.