Browsing: Makutupora

Tanzania’s Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a US$ 1.46 billion term loan.

The financing is meant to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora.

At 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 provide a safe and reliable means for efficiently transporting people and cargo to and from the Dar es Salaam Port.

Blow to Kenya’s Northern Transport Corridor

According to the Tanzania Railways Corporation, it is expected that the railway will address current congestion challenges and decrease freight service charges by 40 per cent, as the railway will be able to haul up to 10,000 tonnes of freight, equivalent to 500 lorries, per trip.

It will also connect Tanzania …