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Tuesday, 29 May 2018

TANZANIA SIGNS A US $64.4M GRANT WITH CHINA FOR TWO MAJOR INFRASTRUCTURE PROJECTS


Tanzania signs a US $64.4m grant with China for two major infrastructure projects in the country.Finance and Planning Ministry Permanent Secretary Dotto James inked the deal on behalf of the Tanzanian government while China’s ambassador to Tanzania Wang Ke signed on behalf of China.

Speaking after signing event, Mr James clarified that the cash was a grant and not a loan. The funds are meant to be spent on two infrastructure projects, that includes the construction of a national university of transport to be constructed at Mabibo in Dar es Salaam at a cost of US $62m.
Feasibility study

On the second project, a feasibility study worth US $1.4m will be conducted on a new Standard Gauge Railway (SGR) project.

Also read: Tanzania SGR project still open for tendering

According to James construction of SGR has already kicked start and the project will be done in two phases. Phase I of the project will begin from Dar es Salaam to Morogoro while phase II will cover from Morogoro to Makutopora in Dodoma.

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