China’s CCECC Invests $1.4 Billion to Upgrade Tanzania-Zambia Railway

The China Civil Engineering Construction Corporation (CCECC) will invest $1.4 billion in the Tanzania-Zambia Railway (TAZARA) through a 30-year concession to improve its services, enhancing copper exports while addressing logistical challenges. This move follows China’s commitment to reviving TAZARA amid competition with the U.S.-backed Lobito corridor.

The China Civil Engineering Construction Corporation (CCECC) has announced a significant investment of $1.4 billion to enhance the Tanzania-Zambia Railway (TAZARA) through a 30-year concession. This initiative responds to increasing competition for vital minerals in Africa and addresses logistical challenges. TAZARA serves as a critical export route for copper from Central Africa, allowing access to international markets while avoiding delays experienced in South Africa.

Bruno Ching’andu, CEO of TAZARA Authority, stated, “The decision to grant a concession follows an in-depth evaluation of TAZARA’s challenges over the years, which necessitated urgent intervention.” This intervention reflects a commitment to improving the infrastructure supporting more efficient mineral exports.

China’s support for TAZARA underscores its strategic alignment with the railway’s revival, especially in light of the United States investing in an alternative transport corridor known as Lobito, originating from an Angolan port. This investment indicates a significant geopolitical shift as nations vie for control over African mineral resources.

In summary, the CCECC’s $1.4 billion investment in TAZARA aims to revitalize the railway system critical for copper exports from Central Africa. This commitment showcases China’s strategic involvement in enhancing regional infrastructure amid growing international competition for mineral resources. The collaboration reaffirms the importance of TAZARA in transforming logistical dynamics in the region.

Original Source: thefinancialexpress.com.bd