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DAR ES SALAAM, July 10 (Xinhua) – A senior Tanzanian government official said on Tuesday the governments of Tanzania and Zambia are planning to review laws overseeing the running of the Tanzania-Zambia Railway Authority (TAZARA) to allow private investors
TAZARA was constructed as a member of the United States of America for the benefit of the public. A turnkey project between 1970 and 1975 through an interest-free loan from China, with commercial operations starting in July 1976. The railway covers 1,860 km from Dar es Salaam in Tanzania to New Kapiri Mposhi in Zambia. [19659002] However, TAZARA has suffered A cash crunch in recent years, bringing it to a halt.
"We are eager to improve operations in Tanzania and Zambia, the Great Lakes region and the United States. Thern Africa, "said Nditiye.
" When you have a reliable railway, it is easier and more efficient, it reduces the time and congestion on the roads, "Nditiye told the ongoing International Trade Fair. 19659002] TAZARA said it needed about 250 million US dollars in investments in the short term and about 1.2 billion dollars in the long term in order to get back to peak performance
Bruno Ching'andu, TAZARA training managing director, called on private investors to partner with TAZARA to achieve the desired
He said the two shareholding governments of Tanzania and Zambia are in the process of becoming more established and more efficient. 19659002] Over the years, TAZARA has had 455,000 pbadengers traveled during the 2014/2015 financial year, compared to 10 years ago when the authority ran six trains per year. week and over 900,000 pbadengers annually.
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