The government of Tanzania has approved US $160.5m as a starting budget for the construction of the 341km Isaka-Mwanza Standard Gauge Railway (SGR) line.
During the approval of the funds at the Dar es Salaam State House, President Samia Suluhu Hassan urged Tanzania Railway Corporation (TRC) Managing Director, Masanja Kadogosa to properly supervise the implementation of the ongoing railway projects in the country. He also asked the corporation to get ready to begin the construction of the SGR section from Makutopora-Tabora, Tabora- Isaka- Kaliua- Mpanda and Kalema.
“The government is fully committed to ensure timely construction of the Central Railway line that will connect the Port of Dar es Salam with Lake and Western Zone regions; as well as neighbouring countries of Burundi, Rwanda, Uganda and Democratic Republic of Congo (DRC),” said the president.
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
PAC directed to call board management for failure to submit accounts
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PAC directed to call board management for failure to submit accounts
SPEAKER of the National Assembly Job Ndugai yesterday directed the Parliamentary Public Accounts Committee (PAC) to summon the board and management of eight government institutions over failure to submit account books to the Controller and Auditor General (CAG) for auditing in the 2019/2020 .
Speaker Ndugai issued the directive in the House saying it was unacceptable that councils are challenged for getting qualified and adverse opinions, while there were key government corporations that haven’t even prepared and submitted their account books to the CAG for auditing.
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