Tanzania and Burundi have signed a $2.15 billion agreement with Chinese firms to construct a railway for transporting nickel and other metals to Dar es Salaam. The joint venture will be undertaken by China Railway Engineering Group and China Railway Engineering Design and Consulting Group, aimed at enhancing trade and regional infrastructure.

Tanzania and Burundi have established a significant agreement with two Chinese corporations to construct a railway for transporting metals, particularly nickel, to Dar es Salaam port. The project, valued at $2.15 billion, involves the collaboration of China Railway Engineering Group and China Railway Engineering Design and Consulting Group. The signing ceremony was announced by Makame Mbarawa, Tanzania’s Minister of Transport.

The agreement between Tanzania and Burundi represents a strategic effort to enhance trade and infrastructure development in East Africa. The construction of the railway aimed at facilitating the transportation of crucial metals aligns with the growing demand for battery minerals in international markets. This initiative is further strengthened by Chinese investment and expertise in railway infrastructure, which is essential for regional economic integration.

In conclusion, this $2.15 billion railway project underscores the commitment of Tanzania and Burundi to improve their transport infrastructure, thereby boosting trade in essential minerals like nickel. By collaborating with Chinese firms, both nations are positioning themselves strategically to meet the increasing global demand for battery minerals, enhancing their economic prospects in the process.

Original Source: asia.nikkei.com

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