In Summary
Speaking
at the event, the BOA Deputy Managing Director, Mr Wasia Mushi said Dezo Civil
Contractors Limited - which is a client with the bank - had asked for the
equipment and the bank agreed on terms that the money will be repaid in
installments.
Dar es Salaam. Bank of Africa (BOA) has handed
over a Sh300 million grader to city-based construction firm in the endeavor to
facilitate the construction of a wall along the Indian Ocean coast. BOA handed over
the grader to Dezo Civil Contractors Limited this morning under a lease finance
arrangement.
Speaking at the event, the BOA Deputy Managing
Director, Mr Wasia Mushi said Dezo Civil Contractors Limited - which is a
client with the bank - had asked for the equipment and the bank agreed on terms
that the money will be repaid in instalments.
"We hope that with this equipment, the
company will be able to complete the construction on time," he said. Dezo
Civil Engineering Company is jointly owned by investors from India and
Tanzania.
The grader will help the company to swiftly build
a wall that will run from the Aga Khan Hospital to State House. The company has
won a tender to build the wall. Actual construction started in December last
year and is expected to be completed in October this year.
The Citizen
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