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Browsing: Tanzania-Burundi-DRC SGR
- AfDB will provide US$98.62 million to Burundi in the form of grants and US$597.79 million to Tanzania in the form of loans and guarantees.
- The Joint SGR Project plays a pivotal role in fostering development, facilitating trade, and enhancing accessibility across East Africa.
- Investment will also unlock and connect key economic processing zones, industrial parks, Inland Container Depot, and population centers along the central corridor.
The Board of AfDB has taken a significant step in advancing East Africa’s regional connectivity and infrastructure development by approving a total financing package of U$696.41 million for Burundi and Tanzania Standard Gauge Railway (SGR) Project.
This funding is designated for the initiation of Phase II of the Joint Tanzania-Burundi-DRC SGR Project. The ambitious investment aims to construct 651 kilometers on the Tanzania-Burundi railway line, a key component of the broader effort to enhance transportation and trade links in the East African region.
The financing …