nngu007
JF-Expert Member
- Aug 2, 2010
- 15,860
- 5,803
By TIMOTHY KAHOHO Special Correspondent
Posted Saturday, December 15 2012 at 15:04
IN SUMMARY
- Funds will be used for construction of railway lines, ports and roads to boost trade with regional partners.
Tanzania is seeking $13.3 billion to finance infrastructure projects.
Stergomena Tax, the Permanent Secretary in the Ministry of East African Community, said the funds will be used for construction of railway lines, ports and roads to boost trade with regional partners. Ms Tax said the EAC is set to engage key donors to pump funds into the projects.
Projects that stand to benefit from the funding include the rehabilitation of the Central Railway Line from Dar es Salaam to Tabora and Mwanza to Kigoma, as well as the Kaliua-Mpanda line up to Kasanga port on Lake Tanganyika.
"The project is crucial in linking Dar es Salaam port with the landlocked countries of Rwanda, Burundi and Uganda," Ms Tax said. The rail project is estimated to cost $1.425 billion.