Standard Chartered secures $2.33 billion for Tanzania SGR expansion

Dodoma. Standard Chartered has secured a syndicated financing package exceeding $2.33 billion to support the expansion of Tanzania’s Standard Gauge Railway (SGR), in a deal that underscores growing international confidence in the country’s infrastructure ambitions.

The funding will facilitate the construction of Lots three and four of the SGR, covering approximately 430 kilometres between Makutupora and Isaka, being implemented by Yapi Merkezi.