Geza Ulole
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Cost comparison SGR Kenya vs SGR Tanzania
Cost comparison SGR Kenya vs SGR Tanzania
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Geza Ulole
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Zigi Rizla
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Geza Ulole
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Tanzania’s SGR on track after govt secures $1.46b more for project
SATURDAY FEBRUARY 15 2020
Tanzania’s Minister of Transport Isack Kamwelwe, leads a high-profile team to inspect progress of the standard gauge railway at Soga area. PHOTO | FILE | NATION MEDIA GROUP
In Summary
By EMMANUEL ONYANGO
More by this Author
Tanzania has had a breakthrough in its standard gauge railway (SGR) external financing and the government no longer has to dig into its pockets to complete the $7.6 billion project.
On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases of the project, covering a distance of approximately 550km from Dar es Salaam to Makutupora.
Standard Chartered Tanzania acted as global co-ordinator, bookrunner and mandated lead arranger on the facility agreement that is the largest foreign currency financing raised by the Ministry of Finance to date.
Tanzania had resorted to spending money from its coffers to finance the project which up to its completion is estimated to cost about $7.6 billion.
Potential financier
The Minister of Finance and Planning, Dr Philip Mpango said the biggest component of the financing comes from the Export Credit Agency Covered Facility from the Export Credit Agencies of Denmark and Sweden.
According to the Tanzania Railways Corporation’s latest reports on expenditure the project has so far spent an estimated $1.2 billion for two phases.
The corporation’s project manager Machibya Kadogosa confirmed to The EastAfrican in an exclusive interview that, the two phases are currently being constructed by a Turkish firm Yapi Merkezi, in partnership with Portuguese firm Mota-Engil Africa.
The first phase is completed by 72 per cent.
Incidentally, three months ago, another potential financier, Trade and Development Bank for Eastern and Southern African, had expressed its willingness to grant a soft loan to help facilitate development of mega economic projects currently going on in the country.
The bank’s president, Dr Admassu Tadesse, pledged to co-operate with the country when meeting with Finance Minister Dr Phillip Mpango in Dodoma, and the two held talks on the county’s development vision.
Agenda 2063
On Monday, the African Union said it was preparing to implement two cross-border high-speed train projects, the first infrastructure projects of its kind, according to AU’s Commissioner for Infrastructure and Energy Abou-Zedi Amani.
“One flagship project of Agenda 2063 is a high-speed train connecting African capitals,” said Mr Amani, adding that the Bujumbura-Dar es Salaam line is one of the two train projects. The continental high-speed train project is part of the AU’s flagship Programme for Infrastructure Development in Africa (Pida) launched in 2012.
The programme aims to support the overall goal of Agenda 2063 designed to boost socio-economic transformation on the continent in the coming decades. The Pida will focus on smart and integrated corridor approaches, renewable energy, job creation, and digitalisation.
“We are happy to announce that we have finalised the masterplan for the high-speed trains approved by African ministers last year. Once fully implemented, these projects will be among the important achievements of the AU,” said Amani.
Unconditional loans
Tanzania had, in the past year, struggled to get funding from external sources for the project from various international donors and banks.
At some point, the government through the Minister for Foreign Affairs and East Africa Co-operation, Prof Palamagamba Kabudi, announced that it was seeking to acquire unconditional loans from the Republic of China to fast track the construction.
But while Prof Kabudi was saying this at the Forum on China-Africa Co-operation in Beijing, the government was also busy mobilising money to fund the project as quick as possible.
www.theeastafrican.co.ke
MY TAKE
For the first time the East African reported the project unbiased!
Wanaanza kuukubali muziki wa JPM!
CC: Teargass Kafrican
SATURDAY FEBRUARY 15 2020
Tanzania’s Minister of Transport Isack Kamwelwe, leads a high-profile team to inspect progress of the standard gauge railway at Soga area. PHOTO | FILE | NATION MEDIA GROUP
In Summary
- On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases of the project, covering a distance of approximately 550km from Dar es Salaam to Makutupora.
By EMMANUEL ONYANGO
More by this Author
Tanzania has had a breakthrough in its standard gauge railway (SGR) external financing and the government no longer has to dig into its pockets to complete the $7.6 billion project.
On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases of the project, covering a distance of approximately 550km from Dar es Salaam to Makutupora.
Standard Chartered Tanzania acted as global co-ordinator, bookrunner and mandated lead arranger on the facility agreement that is the largest foreign currency financing raised by the Ministry of Finance to date.
Tanzania had resorted to spending money from its coffers to finance the project which up to its completion is estimated to cost about $7.6 billion.
Potential financier
The Minister of Finance and Planning, Dr Philip Mpango said the biggest component of the financing comes from the Export Credit Agency Covered Facility from the Export Credit Agencies of Denmark and Sweden.
According to the Tanzania Railways Corporation’s latest reports on expenditure the project has so far spent an estimated $1.2 billion for two phases.
The corporation’s project manager Machibya Kadogosa confirmed to The EastAfrican in an exclusive interview that, the two phases are currently being constructed by a Turkish firm Yapi Merkezi, in partnership with Portuguese firm Mota-Engil Africa.
The first phase is completed by 72 per cent.
Incidentally, three months ago, another potential financier, Trade and Development Bank for Eastern and Southern African, had expressed its willingness to grant a soft loan to help facilitate development of mega economic projects currently going on in the country.
The bank’s president, Dr Admassu Tadesse, pledged to co-operate with the country when meeting with Finance Minister Dr Phillip Mpango in Dodoma, and the two held talks on the county’s development vision.
Agenda 2063
On Monday, the African Union said it was preparing to implement two cross-border high-speed train projects, the first infrastructure projects of its kind, according to AU’s Commissioner for Infrastructure and Energy Abou-Zedi Amani.
“One flagship project of Agenda 2063 is a high-speed train connecting African capitals,” said Mr Amani, adding that the Bujumbura-Dar es Salaam line is one of the two train projects. The continental high-speed train project is part of the AU’s flagship Programme for Infrastructure Development in Africa (Pida) launched in 2012.
The programme aims to support the overall goal of Agenda 2063 designed to boost socio-economic transformation on the continent in the coming decades. The Pida will focus on smart and integrated corridor approaches, renewable energy, job creation, and digitalisation.
“We are happy to announce that we have finalised the masterplan for the high-speed trains approved by African ministers last year. Once fully implemented, these projects will be among the important achievements of the AU,” said Amani.
Unconditional loans
Tanzania had, in the past year, struggled to get funding from external sources for the project from various international donors and banks.
At some point, the government through the Minister for Foreign Affairs and East Africa Co-operation, Prof Palamagamba Kabudi, announced that it was seeking to acquire unconditional loans from the Republic of China to fast track the construction.
But while Prof Kabudi was saying this at the Forum on China-Africa Co-operation in Beijing, the government was also busy mobilising money to fund the project as quick as possible.
Tanzania’s SGR on track after govt secures $1.46b more for project
StanChart loan to aid in construction of the first and second phases of 550k rail.
www.theeastafrican.co.ke
MY TAKE
For the first time the East African reported the project unbiased!
Wanaanza kuukubali muziki wa JPM!
CC: Teargass Kafrican
Tanzania’s SGR on track after govt secures $1.46b more for project
SATURDAY FEBRUARY 15 2020
Tanzania’s Minister of Transport Isack Kamwelwe, leads a high-profile team to inspect progress of the standard gauge railway at Soga area. PHOTO | FILE | NATION MEDIA GROUP
In Summary
- On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases of the project, covering a distance of approximately 550km from Dar es Salaam to Makutupora.
By EMMANUEL ONYANGO
More by this Author
Tanzania has had a breakthrough in its standard gauge railway (SGR) external financing and the government no longer has to dig into its pockets to complete the $7.6 billion project.
On Thursday, the government signed a facility agreement with Standard Chartered Bank for a $1.46 billion loan to finance the construction of the first and second phases of the project, covering a distance of approximately 550km from Dar es Salaam to Makutupora.
Standard Chartered Tanzania acted as global co-ordinator, bookrunner and mandated lead arranger on the facility agreement that is the largest foreign currency financing raised by the Ministry of Finance to date.
Tanzania had resorted to spending money from its coffers to finance the project which up to its completion is estimated to cost about $7.6 billion.
Potential financier
The Minister of Finance and Planning, Dr Philip Mpango said the biggest component of the financing comes from the Export Credit Agency Covered Facility from the Export Credit Agencies of Denmark and Sweden.
According to the Tanzania Railways Corporation’s latest reports on expenditure the project has so far spent an estimated $1.2 billion for two phases.
The corporation’s project manager Machibya Kadogosa confirmed to The EastAfrican in an exclusive interview that, the two phases are currently being constructed by a Turkish firm Yapi Merkezi, in partnership with Portuguese firm Mota-Engil Africa.
The first phase is completed by 72 per cent.
Incidentally, three months ago, another potential financier, Trade and Development Bank for Eastern and Southern African, had expressed its willingness to grant a soft loan to help facilitate development of mega economic projects currently going on in the country.
The bank’s president, Dr Admassu Tadesse, pledged to co-operate with the country when meeting with Finance Minister Dr Phillip Mpango in Dodoma, and the two held talks on the county’s development vision.
Agenda 2063
On Monday, the African Union said it was preparing to implement two cross-border high-speed train projects, the first infrastructure projects of its kind, according to AU’s Commissioner for Infrastructure and Energy Abou-Zedi Amani.
“One flagship project of Agenda 2063 is a high-speed train connecting African capitals,” said Mr Amani, adding that the Bujumbura-Dar es Salaam line is one of the two train projects. The continental high-speed train project is part of the AU’s flagship Programme for Infrastructure Development in Africa (Pida) launched in 2012.
The programme aims to support the overall goal of Agenda 2063 designed to boost socio-economic transformation on the continent in the coming decades. The Pida will focus on smart and integrated corridor approaches, renewable energy, job creation, and digitalisation.
“We are happy to announce that we have finalised the masterplan for the high-speed trains approved by African ministers last year. Once fully implemented, these projects will be among the important achievements of the AU,” said Amani.
Unconditional loans
Tanzania had, in the past year, struggled to get funding from external sources for the project from various international donors and banks.
At some point, the government through the Minister for Foreign Affairs and East Africa Co-operation, Prof Palamagamba Kabudi, announced that it was seeking to acquire unconditional loans from the Republic of China to fast track the construction.
But while Prof Kabudi was saying this at the Forum on China-Africa Co-operation in Beijing, the government was also busy mobilising money to fund the project as quick as possible.
Tanzania’s SGR on track after govt secures $1.46b more for project
StanChart loan to aid in construction of the first and second phases of 550k rail.
MY TAKE
For the first time the East African reported the project unbiased!
tusubirie AfDB nao watoe kwa ile phase ya Rwanda-Tanzania
Geza Ulole
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Ikitolewa hiyo lazma jirani alalamike hujuma!
asvptx
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Haha hua nafurahishwa jinsi mnavyokosa usingizi sababu yetu
Anyway, I thought you guys were bragging about the project NOT being a loan literally 79% of this thread? 😅😹 pesa za ndani ziliishia porini au?
Geza Ulole
JF-Expert Member
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while minting losses unabated like no one's business!
Geza Ulole
JF-Expert Member
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$1.2 bln from our pocket plus $1.4 bln from Standard chartered! It has only speed up construction to Mwanza! Guess what at least 2 more phases r about to be launched before June!
JPM: SGR Mwanza-Isaka dry port work starts soon
The government is set to begin the construction of new Standard Gauge Railway (SGR) from Mwanza to Isaka dry port, President John Magufuli announced yesterday.
www.ippmedia.com
Zigi Rizla
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Kulingana na wewe. Sgr inatengeneza profit but najua unatafuta scapegoat
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Geza Ulole
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NGR rehabilitation: trains will resume services on 21.02
Zigi Rizla
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Mambo kwa ground [emoji23][emoji23]
www.jamiiforums.com
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Zitto Kabwe vs Prof. Kitila Mkumbo juu ya ujenzi wa SGR
Zitto Kabwe: Uharibifu wa Uchumi unaofanywa na Serikali yaMagufuli ni mkubwa sana. Itachukua miaka 10 kurudi Hali ya mwaka 2015 ( ambayo nayo haikuwa nzuri) iwapo ataondolewa madarakani mwaka huu. Akipata miaka 5 mingine itachukua miongo 2 ( miaka 20, two decades) na Marais 2 kurudi 2015 Zitto...
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Teargass
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Geza Ulole
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evidence? I mean a terminal building! start with Nairobi terminus!
Teargass
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Do you like reading? View attachment ESIA_1296_KRC_SGR-2A from Nairobi South to Naivasha.PDF
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Geza Ulole
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No i don't need to read all that but need just a page for evidence of what u just said!
Lewis254
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- Apr 3, 2017
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Bantugbro
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- Feb 22, 2009
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Umemjibu vizuri sana, huwa nashindwa kuelewa some fellas ambao kazi yao ni kupinga kila kitu hata vitu vya muhimu kama strategic infra projects. Miradi kama hio ikifanyika nchi jirani same people watashnagilia na kusema tunaachwa mbalo kwanini hatujengi.
Kuna wengine walisema kwanini tunatumia hela za ndani badala ya kukopa ktk ujenzi wa miradj mikubwa, haya sasa tumepata mkopo kwa kazi hio the same fellas wanasema kwanini tunakopakopa deni la taifa linaku kubwa🙂
Kuna wengine walisema kwanini tunatumia hela za ndani badala ya kukopa ktk ujenzi wa miradj mikubwa, haya sasa tumepata mkopo kwa kazi hio the same fellas wanasema kwanini tunakopakopa deni la taifa linaku kubwa🙂
Geza Ulole
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BTW mradi ulianza kujengwa 2017 hiyo miaka minne imetoka wapi tangu uanze kujengwa?
Dar - Moro Project
Contract for phase one of Dar es Salaam – Morogoro 300 kilometers Standard Gauge Railways signed on 3rd of February 2017, construction works commenced on 2nd May 2, 2017. The project expected to complete on 2nd of November 2019.
Project Budget
2.7 Tanzania Trillions of Shillings are spent for Dar es Salaam – Morogoro SGR Line Project.
Bridge Construction
A 2.56 Kilometers Viaduct Bridge is constructed in Dar es Salaam City Center to Ilala Shaurimoyo to avoid traffic.
Total of 26 Large Bridges and 243 Small bridges are constructed from Dar es Salaam to Morogoro. Also, there will be 17 Overpasses and 15 Underpasses for People, animals and Vehicles
Station Works
Six (6) Stations are constructed between Dar es Salaam and Morogoro, there will be 2 Major Stations at Dar es Salaam and Morogoro and intermediate stations at Pugu, Soga, Ruvu and Ngerengere. Station designs are based on Tanzania environment, Culture and Natural resources found including Minerals.
Electrification Line
SGR trains will use electricity for moving Locomotive.
Telecommunication & Signaling
Trains operations will use European Train Control System Level 2 to ensure safety and efficacy in SGR operation activities at the Main Control Room at Dar es Salaam main Station.
Main Workshop and Marshalling Yard
Main Workshop and Marshalling Yard for Shunting Block trains is constructed at Kwala in Coast region.
The best 007
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Wengi wao ni wachumia tumbo, na kwa bahati nzuri wananchi washastukia, hawana chao 2020, ofcz upinzani ni mzr sn kwa maendeleo ya nchi tatzo lililopo wapinzani wengi wa kiafrika wameweka mbele njaa na ndio maana huwa con umuhimu wa upinzani kwa developing countries, ni heri kuwa na sera moja mpk tupate maendeleo ya kweli njaa iishe zen ndo tuirudshe multiparty system especially nchi inapopata kiongozi mzalendo hata developed countries nyng zimefika hapo zilipo co kwa kubadili badili sera km tunavyofanya Africa.