BEIJING: China, Tanzania and Zambia signed an preliminary settlement on a railway undertaking geared toward bettering the rail-sea intermodal transportation community in East Africa, Chinese language state media stated on Wednesday (Sep 4).
President Xi Jinping witnessed the signing of the memorandum of understanding on a Tanzania-Zambia railway undertaking with the Tanzanian and Zambian presidents, who have been in Beijing attending the Discussion board on China-Africa Cooperation, stated broadcaster CCTV.
“China is prepared to take this summit as a possibility to make new progress within the activation of the Tanzania-Zambia railway, cooperate to enhance the rail-sea intermodal transport community in East Africa, and construct Tanzania into an illustration zone for deepening high-quality China-Africa Belt and Street cooperation,” stated Xi, in line with state media.
Earlier this yr, the World Financial institution accepted US$270 million in financing to assist enhance connectivity between neighbours Tanzania and Zambia and increase regional commerce.
The Dar es Salaam hall between the 2 international locations, a key route for copper exports from the central African Copperbelt area, is serviced by the Tanzania-Zambia Railway Authority (TAZARA).
The hyperlink gives an alternative choice to bypass logistics bottlenecks in South Africa which have held up copper and cobalt exports from Zambia and the Democratic Republic of Congo.
