Browsing: TRC

• New investment in Tanzania’s railways sector is expected to directly benefit nearly 900,000 people and indirectly impact an estimated 3.5 million.
• Tanzania operates two railway systems, totaling 3,682 km in length.

Tanzania railway sector is poised for immense growth as the World Bank poured significant funding by approving $200 million in financing from the International Development Association (IDA) which is a part of the bank.

According to available information from the World Bank statement made on Friday, the bank said the financing for the second phase of the Tanzania Intermodal and Rail Development Project (TIRP-2) will improve safety, climate resilience, and operational efficiency along this railway segment.

Read also: AfDB approves $696.4M financing for Tanzania-Burundi-DRC railway project

Tanzania railway plan anchored on Dar- Morogoro SGR

The funding comes a few weeks after Tanzania Railways Corporation (TRC) began its inaugural trial journey of the electric Standard Gauge Railway (SGR) train …

Reallocation of government financing is essential in unlocking infrastructure potential. It eliminates the crowding out of private-sector funding, as government investing in most commercially viable assets is crucial to those with lower returns (Mckinsey). 

Tanzania is one of the nations that leverages its internal revenue to fund its projects, including iconic bridges in the nation’s commercial capital and several roads, buildings and facilities across the country.  

Kenya is another excellent example of a solution offered by Mckinsey as the government prioritised investment in municipal infrastructure as part of a drive to provide 500,000 new affordable housing units in five years.  

Ethiopia is moving similarly, whereby it has prioritised investment in industrial development zones to attract global apparel manufacturers.  …

The Entebbe airport stands to transform Uganda’s movement over time as it advances to become an oil economy alongside Tanzania.

South Africa, one of the wealthiest countries, has the largest road network, 750,000kms, while Tanzania, East Africa’s competitive economy, has more than 86,000km of roads.

In the current economic scenario, where uncertainty brought by economic shocks from the pandemic and political tensions force nations to expand their horizon of influence, the past years have shown why African infrastructures must be robust and conducive to enhancing value creation.

Whoever moves fast and swiftly dominates the economic conversation. South Africa, Kenya, Namibia and Nigeria are among the top African nations with more robust economies.…

• Tanzania has one of the largest international airports in East Africa
• Tanzania Standard Gauge Railway is slated to commence operation by the end of April 
• Tanzania is a gateway serving competitive landlocked neighbouring countries.

Tanzania’s economy is moving at a steady pace. According to the Bank of Tanzania, the inflation rate is at 3.6 per cent, and the nation’s GDP stands at 5.2 per cent (3^rd Quarter 2021).

The United Nations argues that the African Continental Free Trade Area (AfCFTA) is expected to increase intra-African trade in transport services by nearly 50 per cent.

In 2015, the African Development Bank (AfDB) approved $346.38 million to improve 500 km of roads across the country over the next five years.

On the other hand, in 2014 World Bank, another development funder to Tanzania, furnished the nation with $300 million to improve rail and transport infrastructure, which ultimately boosted intra-region trade with …