Bloomberg News

Tanzania-Zambia Railways Seeks $770 Million to Improve Operation

January 02, 2012

Jan. 2 (Bloomberg) -- The Tanzania Zambia Railway Authority is seeking $770 million to improve operations on the line it runs between the two countries, Managing Director Akashambatwa Mbikusita-Lewanika said.

The two countries are expected to contribute equally to the budget, Mbikusita-Lewanika said today in an e-mailed statement from its headquarters in Dar es Salaam, Tanzania’s commercial capital.

--Editors: Karl Maier, Shaji Mathew

To contact the reporter on this story: David Malingha Doya in Dar es Salaam at dmalingha@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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