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AfDB approves $696 mln finance for Tanzania-Burundi-Congo rail project

AfDB approves $696 mln finance for Tanzania-Burundi-Congo rail project

THE African Development Bank has approved over $696 million in financing for a rail project to link Tanzania, Burundi and the Democratic Republic of Congo, the bank said. The project will connect to the existing rail network of Tanzania, providing access to the port of Dar es Salaam to neighbouring countries. Tanzania President Samia Suluhu Hassan is pushing to complete big-ticket infrastructure projects started under her predecessor John Magufuli to boost trade with neighbouring east and central African countries. The AfDB said in a statement that it would provide roughly $99 million to Burundi in grants and $598 million to…
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