Tanzania govt secures $1bn loan from TDB bank for infrastructure

Tanzania has received a $1 billion syndicated loan from the Trade and Development Bank for infrastructure projects.

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In 2016, the government agreed to a $7.6 billion loan from China’s Export-Import Bank to build a railway line that will link to neighbours.

The Trade and Development Bank is now finalising procedures for releasing other additional loans worth $500 million for implementation of various development projects.

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The country wants profit from its long coastline to upgrade rickety railways and roads to serve growing economies in the East and Central Africa.

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