Mats Rooth and
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Baker McKenzie acted as Lenders Legal Counsel to Standard Chartered Bank and the other lenders, development finance institutions and export credit agencies on the US$1.46-billion financing to the Government of the United Republic of Tanzania (acting through the Ministry of Finance and Planning) in connection with the construction of the Standard Gauge Railway (SGR) Project from Dar es Salaam to Makutupora. The project is being constructed by Yapi Merkezi under an EPC Contract signed between Tanzania Railway Corporation and Yapi Merkezi.
Luka Lightfoot, Partner in the Banking & Finance Practice at Baker McKenzie in London, explained, “It was incredibly rewarding to advise our clients on this major transport infrastructure project in Tanzania. Running approximately 550 kilometres long, the SGR project is one of the country’s biggest projects connecting Dodoma to Dar es Salaam via Morogoro and Makutupora. Once complete, it will provide a safe and re