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Friday 14 February 2020

MASSIVE FUNDING BOOST FOR STANDARD GAUGE RAILWAY


Minister for Finance & Planning, Dr. Philip Mpango (left) and Standard Chartered Bank Tanzania Chief Executive Officer, Sanjay Rughani (right) display signed TShs. 3.3 trillion loan agreement documents at the Bank of Tanzania premises in Dar es Salaam yesterday.

Hopes are high for completing construction of the Standard Gauge Railway (SGR) from Dar es Salaam to Makutupora in Singida within the deadline next year after the Government yesterday signed an agreement to secure a 3.3tri/- (US dollars 1.46 billion) loan from 17 lenders.

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