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$1.1 Billion Rail to be built by Turkish Yapi in Tanzania

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$1.1 Billion Rail to be built by Turkish Yapi in Tanzania

According to Bloomberg, referring to people familiar with the matter, Tanzania chose Turkish construction company Yapi Merkezi Insaat VE Sanayi As and Portuguese building firm Mota-Engil SGPS SA to build a railway at a cost of more than 1 billion euros ($1.1 billion). The 400 km long railway will connect Tanzania with Burundi and Rwanda.

The details of the companies’ percent stake are private.

Tanzania’ large scale project includes the implementation of a 2,200-kilometer project known as the Central Railway Line from Dar es Salaam to the Rwandan capital Kigali, with two other lines branching off to Musongati in Burundi and to Mwanza port on the shores of Lake Victoria to service Ugandan shippers. Its cost, according to experts’ estimates, will total $7.5 bln. Another line is also to be built in the south.

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