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26

AfDB Seeks Investors for Tanzania’s $7.6-Billion Railway Line

By Tony Seruga

Central corridor rail seen as profitable for ‘next 100 years’
Railtrack to link Tanzania with Rwanda, Burundi and Uganda

The African Development Bank will hold an investors’ roadshow to attract as much as $7.6 billion in financing for a railway line linking Tanzania’s port in Dar es Salaam with neighboring landlocked countries.

The Abidjan, Ivory Coast-based lender is teaming up with the World Economic Forum to help attract investors to bankroll the 2,200-kilometer (1,370-mile) line, according to Gabriel Negatu, AfDB’s regional director for East Africa…

AfDB Seeks Investors for Tanzania’s $7.6-Billion Railway Line

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