Tanzania Signs deal for construction of a new port, special economic zone and railway network

Tanzania Signs deal for construction of a new port, special economic zone and railway network

Tanzania has signed a framework agreement with China Merchants Holdings (International) Co Ltd for the construction of a new port, special economic zone and railway network that could involve more than $10 billion, the government said.
A senior official said talks with the Chinese government were under way on financing of the project.
The government has said construction of the port in Bagamoyo some 75 km north of the commercial capital, Dar es Salaam would relieve pressure on the Dar es Salaam port.

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