SPAIN, Madrid : SPAIN, through its Export Credit +Agency (ECA), has expressed an interest in financing the Standard Gauge Railway (SGR) construction project by providing loans, loan guarantees and insurance to the country's companies that will build the railway from Makutupora to Mwanza and from Tabora - Morogoro to Malagarasi.
To complete the process, please follow the instructions in the email we just sent you."The participation of the Spanish Insurance Agency in implementing the strategic project is essential for the country's development and the long-term cooperation between Spain and Tanzania and the development of its people at large," Dr Nchemba said.
Dr Nchemba said the SGR project is vital for Tanzania, because it is a trade gateway to seven land-linked African and Great Lakes countries that do not border the waters. In addition, Dr Nchemba thanked Spain for funding the construction of various projects in the country, including the Rural Electricity Project , water, health, transport, agriculture and the country's Development Agency through its Development Fund , that showed interest in providing funding for the Msimbazi River Basin Development Project, in Dar es Salaam.