Created: 12/09/2024Last Edit: 23/09/2024
Week: 2024-37Print Edition: 2024 – SeptemberEdit Article
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Successful Signing Of MoU For The Concession Of TAZARA

The Tanzania-Zambia Railway Authority (TAZARA) is pleased to announce the successful signing of a pivotal Memorandum of Understanding (MoU) for the concession of TAZARA. This significant event took place on 4th September 2024 during the Forum on China-Africa Cooperation (FOCAC) in Beijing, China, and was witnessed by the Heads of State of China, Tanzania, and Zambia.

This MoU marks a crucial milestone in the journey towards concessioning the railway, which is expected to drive the revitalisation of our infrastructure and rolling stock. This initiative aims to unlock TAZARA’s full potential, enhancing its capacity and operational efficiency.

Active negotiations are underway with the China Civil Engineering and Construction Corporation (CCECC), a leading state-owned overseas engineering contracting enterprise in China and the original builder of TAZARA. The aim is to finalise the concession agreement by the end of the year.

Upon finalisation of the agreement, the rehabilitation of TAZARA’s infrastructure and rolling stock is expected to take approximately two years. The concession will extend for up to 30 years, during which TAZARA’s operational capacity is projected to increase significantly. It is anticipated that annual tonnage will grow from the current combined average of 500,000 metric tonnes to approximately 2 million metric tonnes.

This development marks an exciting new chapter for TAZARA, with the potential to transform the railway into a major driver of regional economic growth, aligning with the aspirations of the people of Tanzania and Zambia.

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TAZARA Signs MoU for Railway Concession
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The Tanzania-Zambia Railway Authority (TAZARA) has signed a pivotal MoU for its concession with CCECC, aiming to revitalize infrastructure and boost operational capacity. This move marks a significant milestone towards enhancing TAZARA’s role in regional economic growth.
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TAZARA is set for a major transformation! Following the recent MoU signing with China Civil Engineering and Construction Corporation (CCECC) at #FOCAC2024 in Beijing, plans are underway to overhaul TAZARA’s infrastructure and rolling stock over the next two years. The concession, lasting up to 30 years, will significantly boost capacity, aiming to increase annual tonnage from 500,000 to 2 million metric tonnes.

#Railway #InfrastructureDevelopment #AfricaInfrastructure #Rail #Transport #ChinaAfricaPartnership #TAZARA #Engineering #Logistics #rollingstock

#Following the MoU with CCECC at #FOCAC2024, TAZARA is gearing up for the overhaul of its infrastructure and rolling stock. The 30-year concession aims to boost capacity, increasing annual tonnage from 500,000 to 2 million metric tonnes.

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