Chinese companies back on track in Tanzania after winning US$2.2 billion contract

[superadmin]

Chinese companies back on track in Tanzania after winning US$2.2 billion railway contract

• China Civil Engineering Construction Corporation and China Railway Construction Corporation win contract for final section of Standard Gauge Railway
  

• Tanzanian President Samia Suluhu Hassan dismisses criticism the country is taking on too much debt
  

Chinese companies are making a major comeback in Tanzania after two firms won a US$2.2 billion deal to build a railway line to connect landlocked neighbouring nations to Tanzanian ports.

The Belt and Road Initiative rail project is expected to open up trading routes for Chinese companies that have invested heavily in resource-rich countries, such as the Democratic Republic of the Congo and Zambia.

Chinese companies missed out in the initial phases of the major railroad Tanzania is building to link to countries such as Burundi, which wants access to Tanzanian ports to ship its nickel minerals overseas, and the Democratic Republic of Congo (DRC), a major producer of cobalt and copper. China now ships essential minerals from the DRC through South African ports such as Durban.

- More -