The two East African nations to jointly seek financing Tanzania wants to become regional trade, transport hub
Tanzania and Burundi have signed an agreement to build a $900 million railway that will connect the neighboring East African nations.
The two sides signed a memorandum of understanding to construct a 282-kilometer (175-mile) line from the western Tanzanian town of Uvinza to Burundi’s capital Gitega. Finance and transport ministers from the two countries signed the deal in the western Tanzanian town of Kigoma on Sunday, Tanzania’s finance ministry said in a statement.
Source: Bloomberg
