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Comment on Zambia, China, Tanzania Seal $1.4b TAZARA revitalisation deal by Anna Least
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Comments for Lusaka Times-Zambia's Leading Online News Site – LusakaTimes.com
Zambia, China and Tanzania have signed the TAZARA Revitalisation Project Agreements after more than a year and a half of negotiations.
The 1.4 billion United States dollars project includes an initial investment of $1.1 billion and $238 million in re-investments.
The project will also maintain the existing line and deliver 34 new locomotives, 16 passenger coaches and 760 wagons.
And Tanzanian Minister of Transport Makame Mbarawa added that the initiative will benefit both countries economically while creating jobs.
Meanwhile, China Railways Construction Corporation Limited (CRCC) Chairman Dai Hegen highlighted the company’s successful projects on the continent, including the Ethiopia-Djibouti Railway and the TAZARA Memorial Park.