Market News | Buildexpo Tanzania 2019

Market News

  • USD 265 million bridge to be constructed over Lake Victoria by Tanzania

    Posted on :Wednesday , 14th August 2019

    A contract worth USD 265 million for the construction of 3.2 km long bridge over the lake Victoria has signed by the Government of Tanzania. Two Chinese companies have been awarded this contract with the aim of increasing trade connectivity among the East African countries.

    The two companies namely the China Railway 15th Bureau and China Civil Engineering Construction Company (CCECC) wi. . .

  • Tanzania SGR project's final phase to be financed by China

    Posted on :Wednesday , 10th July 2019

    Foreign Affairs Minister Mr Palamagamba Kabudi declared that Tanzania’s Standard Gauge Railway (SGR) project is going to receive fund from China. He added that the Government of China wanted to support the SGR at the later stage of the project and currently evaluating the project before it engages in further talks.

    Exim Bank of China proposed its intention to support the SGR in th. . .

  • Tanzania receives a major dam in Lumakali announced by the Government of Tanzania

    Posted on :Tuesday , 9th July 2019

    The government of Tanzania announces the construction of a major dam in Lumakali, Njombe District. Deputy Minister of Energy Mr Subira Mgalu declared the report and states that the authorities are currently involved in reviewing the feasibility study conducted in 1998. The construction of this 388.2m high dam and power centre will produce 222MW of electricity which will be distributed from Luma. . .

  • Tanzanian infrastructure gets a big boost with a USD 44.5 million allocation

    Posted on :Tuesday , 18th June 2019

    A USD 44.5 million budget has been announced by the Government of Tanzania for the construction, upgrading and rehabilitation of airports around its country in the upcoming financial year. This decision is purely aimed at improving the country's infrastructure and aviation industry. 

    Isack Kamwelwe, the Ministry of Works, Transport and Communication revealed that out of USD 2.1 b. . .

  • Construction of BRT system in full swing in East Africa

    Posted on :Monday , 17th June 2019

    Successful demonstration of BRT was done by Dar es Salaam, which is the first city to launch a BRT system in East Africa. After the completion of the first phase of the 21 Km BRT in the Dar Es Salaam which includes five terminals, seven feeders, 27 stations and three connector stations. Currently, around 140 buses are running daily on their special lanes. On the same lines the national treasury. . .

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