Off the wire
• 1st LD: Putin orders withdrawal of Russian air forces deployed in Syria  • Hou Yifan from China wins Women World Chess Championship  • "Almost certain" PKK behind Ankara bomb attack: Turkish PM  • British FTSE 100 rises 0.57 pct on Monday  • Three protesters arrested for disrupting PM's speech in E Finland  • Roundup: S. African gov't says able to pay debt following downgrade warning  • LME base metals mostly decrease on Monday  • OECD membership among Lithuania's foreign policy priorities: president  • Urgent: Putin orders withdrawal of Russian air forces deployed in Syria  • UN opens women empowerment discussion, urges progress on gender goal  
You are here: 　 Home

Tanzania seeks 10 bln USD from India for development projects

Xinhua, March 15, 2016 Adjust font size:

Authorities in Tanzania are seeking 10 billion U.S. dollars from various Indian financiers to meet its development goals, including the putting up of infrastructures, said a report released on Monday.

The report released at the 11th Confederation of Indian Industry (CII) -- Export Import Bank of India (Exim Bank) Conclave on India -- Africa Project Partnership in New Delhi, said Tanzania, East Africa's second largest economy, was seeking the funds for implementation of 22 development projects,

The report said the money was sought from Exim Bank of India, the government of India's other own sources as well as from investors in the Asian nation through their CII.

"This is done in the hope that certain projects can be implemented and managed under the public-private partnership arrangement," said the report.

A document released jointly by the Exim Bank of India and CII and the Indian government showed that Tanzania's National Housing Corporation (NHC) required the highest amount of funding from India -- 6.2 billion dollars in total.

The Tanzania Ports of Authority (TPA) came second when it sought over 596 million dollars for financing various projects from India.

Tanzania has also written Indian financiers for help in financing a total of 1.08 billion dollars for various road projects, with some 519 million dollars being sought for the construction of Dar es Salaam-Chalinze-Morogoro Expressway.

On the power and energy sector, Tanzania was seeking a total of 1.3 billion dollars for its Kinyerezi gas-to-electricity projects.

The east African nation was also seeking 9.1 million dollars for agricultural projects, according to the document. Endit