Market News | Buildexpo Tanzania 2024

Market News

  • Tanzania: The Ministry of Construction's 1.77 Trillion Shilling Budget Gets Unanimous Approval

    Posted on :Monday , 3rd June 2024

    The Parliament unanimously supported the Ministry of Construction's budget of 1.77 trillion shillings for 100 percent, which will be utilized for completing nine high-priority projects such as road building, bridges, crossings, scales, and the completion of large airports.


    On May 29, 2024, the Minister of Construction, Innocent Bashungwa, submitted the budget estimate for the. . .

  • $112 Million Contract Signed for the Construction of Dr. Samia Suluhu Hassan Stadium in Tanzania

    Posted on :Thursday , 28th March 2024

    Tanzania, Kenya, and Uganda are co-hosting the 2027 AFCON, Africa's largest international men's football championship. In preparation of that, Tanzania recently inked a $112 million agreement for the construction of the anticipated Dr. Samia Suluhu Hassan Stadium in the Arusha region. The signing ceremony took place at the Benjamin Mkapa Stadium in Dar es Salaam.


    During the e. . .

  • World Bank Greenlights Sh1 Trillion Funding for Dar es Salaam Metropolitan Development Project

    Posted on :Tuesday , 27th February 2024

    Dar es Salaam's road network is about to undergo a significant modification, thanks to the upcoming commencement of Phase Two of the Dar es Salaam Metropolitan Development Project (DMDP). This decision comes amid a loan agreement worth Sh988.9 billion was signed with the World Bank (WB) last week.


    DMDP Phase Two will include the upgrading of a 250-kilometer stretch of road in. . .

  • Tanzania Government Set to Ink 15 Road Construction Contracts Totalling Over 1 Trillion

    Posted on :Wednesday , 29th November 2023

    The Tanzania Roads Agency (TANROADS) intends to sign 15 contracts for the construction of asphalt roads and bridges for 1.034 trillion shillings to boost infrastructure services in the country.


    This statement was made by Innocent Bashungwa, Minister of Construction, during supplementary replies in Parliament in Dodoma during the Fourth Session, 13th Meeting.


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  • $3.24 Billion to be Invested in Tanzania SGR Construction by Spain

    Posted on :Friday , 29th September 2023

    Tanzania SGR project foresaw another major step as country of Spain via Export Credit Agency has shown interest in the funding of of the Standard Gauge Railway (SGR) construction project by issuing loans, loans guarantees and insurance to the companies of the country that will be given the contract of establishing the railway which will run from Makutupora to Mwanza and from Tabora-Morogoro all. . .


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