A US $64.4m grant from China to Implement two major infrastructure projects in Tanzania

Tanzania signs a US $64.4m grant with China for two major infrastructure projects in the country.Finance and Planning Ministry Permanent Secretary Dotto James inked the deal on behalf of the Tanzanian government while China’s ambassador to Tanzania Wang Ke signed on behalf of China.

Speaking after signing event, Mr James clarified that the cash was a grant and not a loan. The funds are meant to be spent on two infrastructure projects, that includes the construction of a national university of transport to be constructed at Mabibo in Dar es Salaam at a cost of US $62m.