Tanzania secures $7.6 billion financing deal from Chinese lender to build new railway
President John Magufuli with China Exim Bank president Liu Liang after holding talks at Chamwino State Lodge in Dodoma this week. PHOTO | COURTESY
Tanzania has secured a $7.6 billion loan from China’s Export-Import Bank (Exim) for the construction of a railway line that will link it with Burundi, Rwanda and Democratic Republic of Congo.
President John Magufuli secured the concessional loan after meeting with the Exim Bank’s president Liu Liang.
