China to sponsor 130 billion/-transportation college project

13Feb 2018
The Guardian Reporter
The Guardian
China to sponsor 130 billion/-transportation college project

CHINA has committed a grant of $62 million (over 130 billion/-) for the construction of a new national college of transportation.

Omari Nundu as chairman of the new TTCL Corporation board,

According to a statement issued yesterday by the State House directorate of communications, China’s ambassador to Tanzania Wang Ke gave the assurance after holding talks with President John Magufuli.

The envoy paid a courtesy call to State House yesterday and handed to President Magufuli a letter from Chinese president Xi Jinping.

“Ambassador Wang said the grant is part of China’s support for development projects in the country aimed at continuing cordial relations with Tanzania,” the Ikulu statement reads in part.

President Magufuli said the grant will greatly help improve transport services in the country.

Meanwhile, the president has received a situational report on the transformation of the state-owned Tanzania Telecommunication Company Limited (TTCL) into TTCL Corporation from February this year.

Magufuli has also reappointed former TTCL board chairman Omari Nundu as chairman of the new TTCL Corporation board, while Waziri Kindamba becomes director general of the newly transformed entity.

China is one of Tanzania’s leading development partners, having supported various development projects over the years. They include the Tanzania-Zambia Railway (TAZARA), Friendship Textile Mill (Urafiki), Kiwira Coal Mine, Mahonda Sugar Cane Factory, and the Tanzania-China Friendship Textile Corporate Ltd (Urafiki) joint venture project.

Other agreements signed between China and Tanzania as part of a mutual benefit cooperation agenda since 1981 include a barter trade protocol signed in March 1984, a joint economic and trade commission (August 1985), and provision of interest-subsidized preferential credit facilities by China to Tanzania.

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