2018-07-11 Nairobi-based bank to lend Tanzania $400m for SGR railway

Nairobi-based bank to lend Tanzania $400m for SGR railway, gas plant

Wednesday, July 11, 2018, By Benny Mwaipaja @TheCitizenTZ news@thenationmedia.com

Dar es Salaam. The Trade and Development Bank (TDB) will give a $400 million soft loan (about Sh900 billion) to Tanzania for the construction of the standard gauge railway (SGR) and a gas power generation project in Kilwa.
This was disclosed in Dar es Salaam on Tuesday by Mr Admassu Tadesse, president of the bank headquartered bin Nairoby, Kenya. …
Mr Tadesse clarified that his bank has allocated $200 million for the construction of the SGR and the same amount for the Kilwa gas power plant in Kilwa Lindi region.

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