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AfDB Seeks Investors for Tanzania's $7.6-Billion Railway Line | Tony Seruga
Sep
26

AfDB Seeks Investors for Tanzania’s $7.6-Billion Railway Line

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  • Central corridor rail seen as profitable for ‘next 100 years’
  • Railtrack to link Tanzania with Rwanda, Burundi and Uganda

The African Development Bank will hold an investors’ roadshow to attract as much as $7.6 billion in financing for a railway line linking Tanzania’s port in Dar es Salaam with neighboring landlocked countries.

The Abidjan, Ivory Coast-based lender is teaming up with the World Economic Forum to help attract investors to bankroll the 2,200-kilometer (1,370-mile) line, according to Gabriel Negatu, AfDB’s regional director for East Africa…

AfDB Seeks Investors for Tanzania’s $7.6-Billion Railway Line

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