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TRL Receives $14M Of Loan To Improve Rail Links

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Invisible, Sep 25, 2009.

  1. Invisible

    Invisible Admin Staff Member

    Sep 25, 2009
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    The investment body of the World Bank, the International Finance Corp., has handed out $14 million of a $44 million loan to Tanzania's national rail company, Tanzania Railways Ltd., to help the troubled company boost operations.

    The Minister for Infrastructure Development, Shukuru Kawambwa said the government and India-based RITES, joint owners of the company, had asked the IFC for a loan of $44m to improve operations, the privately owned daily said.

    So far they have released about $14m of which $7m has been collected. The rest of the $44m would be released once the TRL management had finished the challenges facing it, he said.

    "IFC's $44m loan will strengthen the network and enhance trade flows to the neighboring landlocked countries of Burundi, Rwanda and Uganda, as well as the eastern regions of Congo, Kawambwa was quoted as saying.

    The Tanzanian port of Dar Es Salaam is the main export port for copper and cobalt from landlocked Zambia.

    Source: The Guardian
  2. Semilong

    Semilong JF-Expert Member

    Sep 25, 2009
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    hii kitu iliombwa hata kabla rites haijaja. na kama walikuwa wanaweza kupata huu mkopo sijui kwa nini walikimbilia kuwapa rites

    kweli hii hela itatumika ipasavyo, duh maskini