2016-12-16 Funds for construction is allocated

2016-12-19 Tanzania: Magufuli’s Signature Projects Get More Funding

19 December 2016, The East African (Nairobi), By Asterius Banzi
President John Magufuli signalled his determination to develop the country’s infrastructure earlier in the year when he raised the allocation for development projects from 26 per cent to 40 per cent of the budget.
Major investments during the one year of the Magufuli presidency are the construction of the standard gauge railway, the Uganda-Tanzania oil pipeline and the revival of Air Tanzania Corporation (ATCL).
In the 2016/17 budget, the Finance Minister allocated Tsh1 trillion ($455 million) for construction of a standard gauge railway (SGR) line that will link Tanzania with the landlocked neighbouring East African countries on the Central Corridor, Rwanda, Burundi, Democratic Republic of Congo and Uganda.
The 2,190km project will be implemented in four phases over the next three years, beginning with the 200km Dar es Salaam-Morogoro section, expected to start in January 2017. The government is in the process of selecting a contractor out of about 40 applicants.
In addition to the funds allocated in the 2016/17 budget, in July, Tanzania signed a memorandum of understanding with China’s Exim Bank, for a $7.6 billion loan to finance the project.

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