Tanzania struggles to finance SGR

Ongoing standard gauge construction in Kenya. NMG PHOTO | JEFF ANGOTE

Tanzania is struggling to find financiers for its proposed $1.2 billion standard gauge railway as leaders continue to raise questions on the viability of the project.

A group of MPs recently said the project is likely to stall due to lack of financing unless the government considers alternative sources of funds outside low-interest loans such as a 15-year railway bond.