Tazara chief seeks private funds

News-in-print

The managing director of the Tanzania-Zambia Railway Authority (Tazara), Bruno Ching’andu, has called on the private sector to support its massive capital needs. The executive said that the railroad needed US$250M in the short term, and more than US$1.2B in the long term, to modernise its track, acquire new equipment, including signalling, and the correctly designed rolling stock to efficiently handle its changing passenger and freight business.

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