M a r k e t N e w s

Tanzania SGR project's final phase to be financed by China

Posted on : Wednesday , 10th July 2019

Foreign Affairs Minister Mr Palamagamba Kabudi declared that Tanzania’s Standard Gauge Railway (SGR) project is going to receive fund from China. He added that the Government of China wanted to support the SGR at the later stage of the project and currently evaluating the project before it engages in further talks.

Exim Bank of China proposed its intention to support the SGR in the initial stages, but the proposal was rejected based on Turkish-Portuguese consortium decision. After the failure of this deal, Tanzania Government announces that it’s going to fund the project of their own. The first two phases of the project namely Dar es Salaam-Morogoro and Morogoro-Makutupora covering 726km went well and, it cost around USD 2.5 billion.

This mega SGR project stretches around 1457km from Dar es Salaam to western Tanzania is one of the big projects by President John Magufuli’s government. Tanzania’s government has a railway budget of USD 7.5 billion with the 5 years completion timeline. The first phase of the project is near completion, and the government is trying to source funding for the completion of the remaining phase, which stretches from Makutupora to the Lake Victoria zone covering 731km.

Once the project completed, it’s expected that the train would reach a top speed of 160 km per hour in operation. Moreover, Tanzania would be the 3rd country to use modern SGR after Kenya and Ethiopia, who also took the help of china for its construction. As a matter of fact, the government of Tanzania also established a flash butt welding in Soga for the SGR project.

Source : Bizmart
Featured Companies
  • /
  • African Business Development Association
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • We created and manufactured a series of Office System Furniture to meet the increasing market demand.
  • The biggest manufacturer and distributor of safes and steel office furniture in Eastern Europe.
  • Monks International NV is the only supplier to the mattress industry with a 200 year expertise in the weaving of mattress ticking
  • Manufacturer exporter of Paper Converted Stationery Products for the School & Office Segment.
  • Marketing and Media in South Africa
  • Specialising in different product lines for road construction industry.
  • Stylam Industries Limited, where creativity and skills meet with each other to change the definition of a range of laminates
  • Proceq manufactures high-quality portable testing instruments for the non-destructive testing of material properties of metal, concrete, rock, paper and composites.
  • Exhibition Services
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  • Indian Hardware & Sanitary News is a single trade monthly magazine which creates, manages and delivers the information that trading partners need to meet and do business.
  • UPAC
  • Manufacturers of the Glory brand of paints
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade