{"id":36676,"date":"2018-01-03T10:44:34","date_gmt":"2018-01-03T10:44:34","guid":{"rendered":"https:\/\/new.igihe.com\/tanzania-signs-1-2-bln-deal-for-new-railway-line\/"},"modified":"2018-01-03T10:44:24","modified_gmt":"2018-01-03T10:44:24","slug":"tanzania-signs-1-2-bln-deal-for-new-railway-line","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/tanzania-signs-1-2-bln-deal-for-new-railway-line\/","title":{"rendered":"Tanzania signs $1.2 bln deal for new railway line"},"content":{"rendered":"<p>In total, Tanzania wants to build a 2,561 km standard gauge railway network connecting its main Indian Ocean port of Dar es Salaam to eastern and southern Africa\u2019s hinterland.<\/p>\n<p>The port\u2019s vast hinterland loops in eastern Democratic Republic of the Congo, Zambia, Rwanda, Burundi and Uganda.<\/p>\n<p>In a statement, state-run railway firm, Reli Assets Holding Company Ltd (RAHCO), said it had signed an agreement with a joint venture of Turkish firm Yapi Merkezi and Portugal\u2019s Mota-Engil Engenharia e Constru\u00e7\u00e3o \u00c1frica, S.A.<\/p>\n<p>The firm said construction of the railway line would start next month and take 30 months to be completed.<\/p>\n<p>It did not give details on how the infrastructure project would be financed but last July Tanzania said it had secured a $7.6 billion loan from China\u2019s Export-Import Bank (Exim) to build part of the new railway network.<\/p>\n<p>Tanzanian government officials said 40 foreign companies had initially expressed interest in the project, but only the Turkish-Portuguese consortium submitted a bid and was picked.<\/p>\n<p>RAHCO said winners of bids for four other tenders for construction of additional standard gauge railway lines covering about 1,000 km would be announced in April.<\/p>\n<p>Last month Tanzania also asked for a loan from state-owned Export Credit Bank of Turkey (Eximbank) to help finance a 400 km stretch of new railway.<\/p>\n<p>President John Magufuli made the funding request to visiting Turkish President Tayyip Erdogan during talks in Dar es Salaam.<\/p>\n<p>In recent years Turkey has sought to deepen trade ties with Africa and moved to expand influence on a continent where China and more traditional donors such as Britain, France and the European Union have a strong presence.<\/p>\n<p>Tanzanian government sources said Chinese companies would probably be awarded tenders for construction of other sections of the railway line.<br \/>\n{{Source:Reuters}}<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tanzania signed a deal worth $1.215 billion with a consortium of Turkish and Portuguese companies on Friday to construct a 300-kilometre railway line, part of plans by the east African country to boost trade with its land-locked neighbours.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[300],"hashtag":[],"class_list":["post-36676","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-agencies"],"bylines":[{"id":300,"name":"Agencies","slug":"agencies","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":300,"name":"Agencies","slug":"agencies","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default 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