Tanzania raises $1.46bn for railway project

Tanzania icon 230px
By Mariam Meskin
20 Feb 2020

Tanzania’s Ministry of Finance has raised a $1.46bn loan — its largest foreign loan to date — to finance the construction of a railway from Dar es Salaam to the centre of the country. The loan is being provided by a number of development banks and credit agencies.

Standard Chartered Tanzania was bookrunner, global coordinator and mandated lead arranger on the deal.

The loan was provided by a consortium of development banks and international credit agencies. The export credit agencies of Denmark and Sweden provided a large chunk of the financing, while the Development Bank of South Africa, the Trade and Development Bank ...

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