A new partnership between the Development bank of South Africa and the Tanzanian Investment Bank is financing infrastructure projects in Tanzania.The new partnership expected to pay for the rehabilitation of berths one to seven at Dar es Salaam and also parts of the Mtwara port.
Other projects include the construction of the new Mwanza and Arusha airport terminals and in a memorandum of understanding the two banks will also pay for additional rail wagons and locomotives.
The joint fund is expected to enable Tanzania Railways Limited to transport over three million tons of goods per year by 2015 and also allow Tanzania Airport Authority to double its handlingcapacities for both airports after the completion of the terminals.
