Commodities
China Railway to Negotiate Tanzania-Zambia Line Concession
- Railway to compete with US-backed plan for new line to Angola
- Transport routes from Congo and Zambia copperbelts are clogged
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The Chinese government selected a state-owned company to negotiate a concession to operate a line connecting Zambia’s copper-mining heartland with the Tanzanian port of Dar es Salaam, which may require as much as $1 billion in investment.
A China Railway Construction Corp. unit has been asked to submit its proposal by the end of October, the Tanzania-Zambia Railway Authority said in a statement on Wednesday. The new concessionaire — which maybe required to invest as much as $1 billion over time — should be on the ground and have taken over the operations of the railway by the end of the first quarter, Zambia Transport Minister Frank Tayali said in an interview Sept. 20.