Tanzania: Dar Eyes Brics Loans for SGR
12 May 2017, Daily New, By Alvar Mwakyusa
(Visit of South African President Jacob Zuma)
Tanzania yesterday appealed for South African support towards accessing soft loans from the BRICS development bank for construction of the standard gauge central railway network.
Dr Magufuli told his guest that Tanzania was determined to undertake the ambitious railway project to facilitate smooth transportation of passengers and goods to eventually boost the economy.
„The soft loan will enable us to undertake some of the phases in the envisaged project as we aim at middle income economy by 2025,“ Dr Magufuli told reporters after his closed-door meeting with Zuma.