Tanzania secures US $272m for construction of an international airport

The government of Tanzania has announced to have secured US $272m loan from African Development Bank (AfDB) to construct an international airport in its capital city Dodoma.

The project is part of programme to expand the East African nation’s infrastructure. It will be built in Msalato, 12 km from Dodoma. It will include a passenger terminal, runway and related infrastructure.

The new airport project which will take approximately four years for construction, will have a capacity to handle 1 million passengers annually and will have a runway of just over 2km in length. Project funding The funding package comprises a US $198.6m loan from the AfDB, US $23.52m from the African Development Fund, and US $50m in co-financing from China’s Africa Growing Together Fund, which the AfDB manages.

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Economic 'game changer'? African leaders launch free-trade zone

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NIAMEY (Reuters) - African leaders launched a continental free-trade zone on Sunday that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.

After four years of talks, an agreement to form a 55-nation trade bloc was reached in March, paving the way for Sunday’s African Union summit in Niger where Ghana was announced as the host of the trade zone’s future headquarters and discussions were held on how exactly the bloc will operate.

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Construction of superhighway linking JKlA to Nairobi-Nakuru highway to cost US $583.9m

Construction work on the superhighway linking the Jomo Kenyatta International Airport (JKIA) to the Nairobi-Nakuru highway is calculated to cost US $583.9m or US $207.8m more than earlier planned. Authorities have attributed the cost change to change in project design.

Earlier, the Kenya National Highways Authority (KeNHA) had dropped the planned construction of an elevated highway over the entire 43.5km stretch to Rironi in favour of flyovers and underpasses on certain sections of the road.

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