Money Markets
EAC official warns against concessioning Tazara
Boarding a train. Tazara, which is about 1,870 kilometres long stretching from Dar- es -Salaam to Kapiri Mposhi in Zambia, was built by the Chinese through an interest-free loan. Photo/FILE
Posted Tuesday, December 29 2009 at 00:00
Zambia’s Minister of Transport and Communications Professor Geoffrey Lungwangwa and his Finance and National Planning counterpart, Dr Situmbeko Musokotwane, are representing Zambia at the meeting in China.
After the bilateral meeting between Mr Banda and Mr Kikwete in July, Tanzanian High Commissioner to Zambia, Dismas Nguma, had said: “The key areas where they concentrated was on the Tazara railway, as you know it has not been performing as expected and on that one they agreed jointly (to) look for concessioning of the railway line with the first preference being given to Chinese companies.”
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