Korean companies interested in investing in Central Corridor

22Jul 2016
The Guardian Reporter
The Guardian
Korean companies interested in investing in Central Corridor

SOUTH Korean companies have shown an interest to invest in the Central Corridor Transit Transport project through public private partnerships among several other options.

In a recent statement, Central Corridor Facilitation Agency said the Korean delegation which toured the country recently said it was impressed with the opportunities in the mega project.

The SK Engineering and Construction General Manager, Sam Hwang made the remarks after paying a courtesy call at TTFA in Dar es Salaam where he noted: “You need to do more to make big projects such as railway construction known to Korean companies which are more than ready to participate.”

Hwang said pointed out that adding the Korean Trade Investment Promotion Agency (Kotra) which has offices in Dar es Salaam is more than happy to support promotional initiatives in this regard.

Hwang said his company is interested in investing in the Engineering, Procurement and Construction (EPC) deals through PPP in the standard gauge railway projects, which stretches from Dar es Salaam to Isaka and branches to Rwanda and Burundi.

The TTFA Head of Transport Policy and Planning, Emmanuel Rutagengwa assured the Korean delegation that the Central Corridor had a lot of investment opportunities and that Korean investors are welcome.

Rutagengwa noted that apart from railway projects there are also other opportunities in port and road sub-sectors in all partner countries, namely Burundi, DR Congo, Rwanda, Tanzania and Uganda.