Cost comparison SGR Kenya vs SGR Tanzania

Cost comparison SGR Kenya vs SGR Tanzania

Tz_one said:
All those exports bado ni kidogo sana kurudisha hela in 25 years ..What am saying industrial.parks are important
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Kuna mining pia! Unless umefanya feasibility study utabaki uki-guess!
 
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International awards for EKF-project in Tanzania​


04-23-2021

Awards like “TXF Sub-Saharan African ECA Backed Deal of the Year” and “Global Trade Review Deal of the Year” may not be as well known as the golden statues the international film community will be handing out this coming Sunday. But they are nevertheless the international finance world’s version of the golden Oscars, and they have been awarded to EKF for our work on an infrastructure project in Tanzania.

The winning project is a 541 kilometer electric railway across Tanzania, which in time will connect land locked countries like Uganda, Rwanda and Burundi to Tanzania and give access to the Indian Ocean through the harbor in Dar es-Salaam, expanding and improving trade and transport significantly.

The project is established in cooperation with six other export credit agencies, including the Swedish EKN, and with Standard Chartered as lead bank. EKF has financed a third of the 2,400 million dollar project.

”The two awards are a huge and welcome recognition of EKF’s financial strength and risk appetite when it comes to large and complicated deals. By fronting this deal, using our financial know-how and sharing the risk with our international network, we can support a more sustainable development in those parts of the world, where investors historically have had concerns about entering the market,” says Thomas Hovard, chief commercial officer, Corporates & Institutions at EKF.

But the financing wasn’t the biggest challenge of the project. A railroad that long, which winds through areas with rich biodiversity, protected nature and areas home to indigenous people, means that the ESG aspect of the project was a massive task. Nevertheless, our ESG team tackled it head on and with great success.

`` It proves that investors do have appetite for well planned, well run projects, which live up to international standards for environmental and social issues, and which create actual economic value for the local communities´´

We managed to get the government to agree to implement the IFC Performance Standards, which is the international benchmark for risk management of environmental and social issues. Our efforts to handle the sustainability issues in the early stages of the project and ensure that we had active stakeholder management were made to reduce the risk of conflict and problems later on during the actual building and running of the railway.

”It’s an effort we are enormously proud of. And the fact that the project is financed by a big group of lenders, proves that investors do have appetite for well planned, well run projects, which live up to international standards for environmental and social issues, and which create actual economic value for the local communities,” says Søren Abildgaard, who is responsible for the African portfolio at EKF.

On top of the two deal specific awards, EKF has also won two TXF Export Finance Industry Choice Awards, namely ”Top rated ECA for sustainable project Appetite” and ”Top rated ECA for European Exporters”.

www.ekf.dk

Vi kan gøre <br/> Danmark rigere <br/> og verden grønnere

Danmarks Eksport- og Investeringsfond, EIFO er Danmarks fælles indgang til risikovillig kapital. Vi tilbyder lån, kautioner og egenkapitalfinansieringer til danske virksomheder i alle stadier af deres udvikling.
www.ekf.dk www.ekf.dk
 
Geza Ulole said:



International awards for EKF-project in Tanzania​


04-23-2021

Awards like “TXF Sub-Saharan African ECA Backed Deal of the Year” and “Global Trade Review Deal of the Year” may not be as well known as the golden statues the international film community will be handing out this coming Sunday. But they are nevertheless the international finance world’s version of the golden Oscars, and they have been awarded to EKF for our work on an infrastructure project in Tanzania.

The winning project is a 541 kilometer electric railway across Tanzania, which in time will connect land locked countries like Uganda, Rwanda and Burundi to Tanzania and give access to the Indian Ocean through the harbor in Dar es-Salaam, expanding and improving trade and transport significantly.

The project is established in cooperation with six other export credit agencies, including the Swedish EKN, and with Standard Chartered as lead bank. EKF has financed a third of the 2,400 million dollar project.

”The two awards are a huge and welcome recognition of EKF’s financial strength and risk appetite when it comes to large and complicated deals. By fronting this deal, using our financial know-how and sharing the risk with our international network, we can support a more sustainable development in those parts of the world, where investors historically have had concerns about entering the market,” says Thomas Hovard, chief commercial officer, Corporates & Institutions at EKF.

But the financing wasn’t the biggest challenge of the project. A railroad that long, which winds through areas with rich biodiversity, protected nature and areas home to indigenous people, means that the ESG aspect of the project was a massive task. Nevertheless, our ESG team tackled it head on and with great success.

`` It proves that investors do have appetite for well planned, well run projects, which live up to international standards for environmental and social issues, and which create actual economic value for the local communities´´

We managed to get the government to agree to implement the IFC Performance Standards, which is the international benchmark for risk management of environmental and social issues. Our efforts to handle the sustainability issues in the early stages of the project and ensure that we had active stakeholder management were made to reduce the risk of conflict and problems later on during the actual building and running of the railway.

”It’s an effort we are enormously proud of. And the fact that the project is financed by a big group of lenders, proves that investors do have appetite for well planned, well run projects, which live up to international standards for environmental and social issues, and which create actual economic value for the local communities,” says Søren Abildgaard, who is responsible for the African portfolio at EKF.

On top of the two deal specific awards, EKF has also won two TXF Export Finance Industry Choice Awards, namely ”Top rated ECA for sustainable project Appetite” and ”Top rated ECA for European Exporters”.

www.ekf.dk

Vi kan gøre <br/> Danmark rigere <br/> og verden grønnere

Danmarks Eksport- og Investeringsfond, EIFO er Danmarks fælles indgang til risikovillig kapital. Vi tilbyder lån, kautioner og egenkapitalfinansieringer til danske virksomheder i alle stadier af deres udvikling.
www.ekf.dk www.ekf.dk
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Halafu kuna mbwiga humu ndani wanakuambia sgr haita leta faida wanashindana na watu waliobobea kwenye finance wakati wao hata certificate yoyote ya elimu hawana.
 
Tz_one said:
So SGR in Kenya Makes profit because of Nairobi

and you assume Tz wont because most cargo ends in Dar..

I might agree with you on some issues ...as long as Tz does not work to increase EPZs and Industries along the SGR corriodor tutapa shida kutegemea only minerals kuleta profit..

But also Mwanza and Dodoma are growing cities maybe they wont reach Dar levels..but they will need the services na transport ya mizigo..we shouldnt bet on this

But kuhakikisha SGR inapata mizigo ya kutosha lazima kama Tz viwanda vingi vya vitu vizito kma cement,chuma,steel,magari,wanyama vijengewe along the corridor ya SGR that should be the next target ya govt ..na tayari tumeanza na ujenzi huo but i hope utakuwa mkubwa zaidi

1.Kuna Industrial park ya around 2k industries itajengwa pwani
2.Intacom fertilizer plant inajengwa Dodoma as we speak


But hii inaweza kuwa kama challenge ya sisi ku boost productivity yetu lets see
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Kiingereza chenye mchanganyiko wa kiswahili
 



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Tanzania, Burundi, DR Congo seek loan from AfDB for SGR construction
Xinhua · china.org.cn | April 30, 2022
Tanzania, Burundi, DR Congo seek loan from AfDB for SGR construction

DAR ES SALAAM, April 29 (Xinhua) -- Tanzania, Burundi and the Democratic Republic of the Congo (DRC) have requested the African Development Bank (AfDB) for a 900 million U.S. dollars concessional loan for the construction of a 939-kilometer standard guage railway (SGR).

A statement by Tanzania's Ministry of Finance and Planning said on Friday that the request was made by the three countries' ministers of finance when they held talks with senior officials of the AfDB in Washington, D.C.

The statement said the funds will finance the construction of the 939-kilometers of SGR linking the town of Uvinza in Tanzania to the city of Gitega in Burundi, passing through the town of Musongati, also in Burundi.

According to the statement, Tanzania was represented by its Minister for Finance and Planning, Mwigulu Nchemba, Nicolous Kazadi from DRC and Domitien Ndihokubwayo from Burundi.
Nnenna Nwabufo, the AfDB's director general for the East African region, said the AfDB was aware of the importance of the project economically, politically and socially.

She added that the SGR project was posed to boost trade in the east African region.

Tanzania, Burundi and DRC are members of the East African Community (EAC) with Kenya, Rwanda, South Sudan and Uganda. Enditem

 
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