TWENTY-THREE companies have eagerly stepped forward to express their interest in investing in six pivotal areas in rail operations, covering crucial facets such as rail business operations for both, Standard Gauge Rail (SGR) and Metre Gauge Rail (MGR).

Mwatuka Maita, Planning Officer at Tanzania Railways Corporation (TRC), shared insight with The Guardian newspaper on the impactful outcomes of the recent Business and Investment Forum.

The forum, which convened key stakeholders in the railway sector to explore investment opportunities and cultivate partnerships, was held in Mwanza, last month.

He explained that the purpose of the forum was to encourage conversations regarding infrastructure development, rolling stock, rail business operations, opportunities within ports, marine, and airports, as well as investment potential along railway corridors. The aim was to facilitate discussions on a variety of topics related to the railway industry.

The official highlighted that the report indicated significant interest from five companies in investing in infrastructure development and rolling stock. These companies demonstrated a strong desire to participate in projects related to infrastructure and rolling stock within the railway sector.

He emphasized their dedication to improving railway efficiency and capacity by focusing on technological advancements and sustainable practices. The discussions at the forum centered around ways to enhance the efficiency and capacity of railways through the utilization of innovative technologies and sustainable practices.

He pointed out that one company had already submitted a draft MoU for participating in commuter train services through Public-Private Partnership (PPP) arrangements, while the remaining four companies pledged to present detailed proposals in the near future. These companies expressed their commitment to contributing to the enhancement of commuter train services through innovative partnership models.

In the Rail Business Operations for Standard Gauge Rail (SGR) and Metre Gauge Rail (MGR), four companies have shown significant interest in participating in rail open access operations. The discussion focused on promoting competition, enhancing service quality, and expanding network coverage to keep up with growing demand. Maita disclosed that two companies have agreed to assist with rail business operations by rehabilitating locomotives and wagons, while the other two will invest in a warehouse at Kwala dry port. Official proposals will be submitted for review before the signing of a Memorandum of Understanding (MoU).

Regarding Investment along Railway Corridors, two companies have expressed interest in investing in warehouse construction along railway corridors to capitalize on the prime location of the networks for improving logistics solutions and streamlining goods transportation. Maita has instructed the companies to identify specific areas and submit official proposals for consideration.

In Real Estate on TRC Land and Properties, six companies have indicated interest in real estate, land, and properties linked to railway infrastructure. The official highlighted that their interest presents opportunities for complementary developments like commercial centers, residential complexes, and industrial zones. 

“The demonstrated interest from companies in infrastructure, rolling stock, rail operations, and associated real estate underscores the sector's potential for growth and development,” he said.

In regards to opportunities in Ports, Marine, and Airports, six companies have shown considerable interest in investing in port infrastructure development, the marine sector, and airport infrastructure projects. They recognize the importance of modernizing airport facilities to meet the growing demands of passengers and to improve air cargo operations.

The discussions focused on improving capacity, efficiency, and connectivity to handle the rising trade volumes and to support economic growth. All interested companies have been directed to submit their official proposals.

Moving forward, it is crucial for there to be concerted efforts and collaboration in order to turn these interests into concrete investments and drive innovation within the railway ecosystem. 

“The diverse interests demonstrated by participating companies underscore the multifaceted opportunities within the railway sector.  Continued engagement and negotiation will be pursued to solidify partnerships and investment commitments across various domains,” he emphasized.

Maita reiterated that collaboration between stakeholders, including government entities, investors, and industry players, will be essential in capitalizing on identified opportunities and driving sustainable growth.