Tanzania's first phase of SGR project gets Sh215bn surety cover
Works, Transport and Communications minister Isack Kamwelwe (nearest to camera) inspects a completed section of the standard gauge railway in Soga, Coast Region. He is flanked by his deputy, Mr Atashasta Nditiye (right), and Tanzania Railways Corporation director general Masanja Kadogosa. The railway construction is in its first phase between Dar es Salaam and Morogoro. PHOTO | COURTESY
What you need to know:
A New York-based multinational insurance broker, Marsh LLC, announced yesterday that it has provided a $95 million (about Sh215 billion on the prevailing exchange rate) bank surety solution to Yapı Merkezi Construction and Industry Inc. (Yapı Merkezi).
