TAZARA asks for100 million Dollars from Zambian and Tanzanian governments
21 August 2009
TAZARA, the railway authority of Tanzania and Zambia, has requested the Zambian and Tanzanian governments to grant a loan amounting to100 million Dollars.
According to TAZARA, these funds will be used to clear the debts which have accumulated over the last 30 years, but also to develop and modernise the railway infrastructures.
Of the 100 million Dollars, 60 million will be used to pay back the debts accumulated by the authority, and the remaining 40 million will be dedicated to the modernisation of the railway line, which stretches over close on 1,860 kilometres.
This Zambia-Tanzania railway line was constructed between 1970 and 1975. It starts at sea level at Dar-Es-Salaam in Tanzania, and ends at New Kapiri Mposhi in Zambia, at an altitude of close to 1,400 metres.<br/>