Tanzania: 50 million euro EIB loan to upgrade airports
10 February 2012
Reuters Africa | February 10, 2012
Tanzania has signed a 50 million euro ($66.5 million) loan facility with the European Investment Bank (EIB) to upgrade regional airports to boost tourism and air transport in east Africa's second-biggest economy, a senior government official said on Friday.
"This project will significantly open up and ease transport to and from the regions as it will provide access to cost-efficient air transport ... some of the regions are potential for tourism activities," Ramadham Khijjah, permanent secretary in Tanzania's finance ministry, told a news conference.