China Merchants Holdings to build port and railway network in Tanzania
Tanzania has signed a framework agreement with China Merchants Holdings (International) Co. Ltd for the construction of a new port, special economic zone and railway network that could involve more than $10 billion. The port is expected to relieve pressure on Dar es Salaam. The construction is expected to start after 2015. According to the Tanzania government, the talks with Chinese government were under way on financing of the project.
