China will invest $1.4 Billion in Tanzana-Zambia railways

China Civil Engineering Construction Corp. will invest over $1.4 billion to reactivate a Mao-era railway between Tanzania’s biggest port and Zambia’s copper mines.

Negotiations on a proposed 30-year concession are ongoing, said Bruno Ching’andu, managing director at the Tanzania-Zambia Railway Authority operating the line, in an emailed statement on Thursday.

The two East African nations pledged to have state-run CCECC upgrade the line that has deteriorated. China, Tanzania and Zambia signed a memorandum of understanding on this last year in order to resuscitate the 1,860-kilometer (1,160-mile) railway funded and built in the 1970s by Mao Zedong’s China. That was the start of its biggest overhaul to date.

Marie Kuznetsova

Secrétaire de redaction