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The money will finance two stretches of a planned 1,219 km railway line.
Standard Chartered Bank arranged a $2.33 billion syndicated financing for Tanzania's Standard Gauge Railway.
KEY POINTS
- The financing covers two stretches of a planned 1,219 km railway from Dar es Salaam to Mwanza.
- Turkey's Yapi Merkezi and China's China Civil Engineering Construction Corporation will construct these sections.
- Funding sources include export credit agencies, commercial banks, and development finance institutions.
COMPANIES
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