Tanzania and China have signed seven contracts, totaling USD 1.7 billion, for investments in electricity, residential and business real-estate construction, and research.
The deal was brokered last week in China during Prime Minister Mizengo Pinda's trip there.
The contracts include:
- Partnering between Tanzania Electric Supply Company and China's Tabiau Electric Apparatus Stock Co Ltd to expand electric grids from Dar es Salaam to northern Tanzania.
- Partnering between the National Housing Corporation, China Railway Jianchang Engineering, and Poly Technology to construct residential housing and business centers throughout Tanzania.
- Partnering between the National Development Corporation, China Dalian International Economic & Technical Corporation Group, and Hydro Kunming Engineering Corporation to construct a renewable energy research center.
Chinese companies are also eyeing the oil and gas blocks which just opened for bidding last week after the Tanzanian Oil and Gas conference.
The deal was brokered last week in China during Prime Minister Mizengo Pinda's trip there.
The contracts include:
- Partnering between Tanzania Electric Supply Company and China's Tabiau Electric Apparatus Stock Co Ltd to expand electric grids from Dar es Salaam to northern Tanzania.
- Partnering between the National Housing Corporation, China Railway Jianchang Engineering, and Poly Technology to construct residential housing and business centers throughout Tanzania.
- Partnering between the National Development Corporation, China Dalian International Economic & Technical Corporation Group, and Hydro Kunming Engineering Corporation to construct a renewable energy research center.
Chinese companies are also eyeing the oil and gas blocks which just opened for bidding last week after the Tanzanian Oil and Gas conference.
Source:tanzaniainvest.com
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