Tanzanian government is to receive World Bank funding needed for the port expanditure in  Dar es Salaam. This follows a list of projects, aiming at enhancing Transportation systems and networks in Tanzania.

World bank loan for Tanzania’s main port

Following their request for funding, Tanzanian government would receive about $305 million to work on expanding the country’s main port.  The announcement was made, after discussions between Tanzanian president John Magufuli and the World Bank’s vice president Makhtar Diop.
“The World Bank has agreed to give Tanzania loans for various development projects, including a credit of $305 million for an expansion project at the Dar es Salaam port,” said Philip Mpango, the Finance and Planning Minister.
By this mega project, Tanzania is competing with another major port in the area, namely the Mombasa’s port in Kenya. Both Kenya and Tanzania, launched these projects to develop the largest port in East Africa. Thus, dominating trades in the area.
Actually, Tanzania  is planning to further expand Bagamoyo’s port in order to take the lead on the regional trade. This project is expected to be  a gateway for Malawi, Burundi, Rwanda, Democratic Republic of The Congo, Zambia, and Uganda. Tanzania, is also trying to up the port capacity from 15 million tonnes to 28 million tonnes per year by 2020.
Besides the government is trying to get an additional $425 million from World Bank to develop the public transportation field.
Another mega project, would see light in Tanzania, as Magufuli asked the visiting turkish president to fund a 2 651 km railway project.
Source: Afrika News

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