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Overview

China Eximbank offers a $7.9 million USD loan to Tanzania for a Standard Gauge Railway (SGR) project between Morogoro and Makutupora (Linked to Record ID#52354)

Commitments (Constant USD, 2023)$8,616,700
Commitment Year2016Country of ActivityTanzaniaDirect Recipient Country of IncorporationTanzaniaSectorTransport And StorageFlow TypeLoan

Status

Project lifecycle

Cancelled

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 20, 2016

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Cofinancing agencies

State-owned Banks

  • Export Credit Bank of Turkey (Turk Eximbank)

Receiving agencies

Government Agencies

  • Government of Tanzania

Implementing agencies

State-owned companies

  • China Civil Engineering Construction Corporation (CCECC)
  • China Railway Engineering Corporation (CRECG)

Loan desecription

China Eximbank offers a $7.9 million USD loan to Tanzania for a Standard Gauge Railway (SGR) project between Morogoro and Makutupora (Linked to Record ID#52354)

Interest typeUnknown

Narrative

Full Description

Project narrative

On July 20, 2016, China Exim Bank, offered a preferential loan of $7.9 million USD to Tanzania for a Standard Gauge Railway (SGR) corridor project connecting Morogoro and Makutupora. The rail corridor, which will be economically beneficial to the port of Dar es Salaam, is expected to cost around $2 billion USD with co-financing from Turk Eximbank. China Eximbank originally pledged a massive $7.6 billion USD for the entire SGR network (see Record ID#52354) but the President of Tanzania cancelled the financing deal with China and blacklisted Chinese companies from the bidding process due to tender irregularities. The Turkish construction giant Yapi Merkezi won the contract to construct a rail link between Morogoro and Mako-Tabora. The contract was originally awarded to a Chinese consortium, but subsequently cancelled on account of irregularities. The awarding of the market to a Turkish company was discussed during the visit of the Turkish president Recep Tayip Erdogan to Tanzania in January in meetings with his Tanzanian counterpart John Magufuli. The first contract was from Dar to Morogoro 205-km line. The consortium of China Civil Engineering Construction Corporation and China Railway Engineering Corporation won the bid for management of the line for six years. Tanzania divided construction of its railway into four parts, and put out separate tenders to design it. The three remaining sections are Makutupora to Tabora (294 km), Tabora to Isaka (133 km) and Isaka to Mwanza (248 km).