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Standard Chartered Tanzania funds $1.46 bn for standard gauge railway project

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Logistics Update Africa
Standard Chartered Tanzania funds $1.46 bn for standard gauge railway project

Tanzania's ministry of finance signed a facility agreement with Standard Chartered Bank Tanzania for a $1.46 billion term loan financing to fund the construction of the standard gauge railway (SGR) project from Dar es Salaam to Makutupora.

Running approximately 550 kilometres long, the SGR project is one of the country’s biggest projects connecting Dodoma to Dar es Salaam via Morogoro and Makutupora. Once complete, the SGR Rail project will efficiently transport people and cargo to and from the existing Dar es Salaam Port.

 

https://www.logupdateafrica.com/standard-chartered-tanzania-funds-146-bn-for-standard-gauge-railway-project-railways-railways

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