China, Zambia, and Tanzania Seal $1.4 Billion Deal to Modernise TAZARA Railway
China Signs $1.4B Agreement to Upgrade TAZARA Railway, Boosting Zambia–Tanzania Trade Route China has signed a $1.4-billion agreement with Zambia and Tanzania to modernise the TAZARA railway, a strategic transport corridor linking landlocked Zambia to the Indian Ocean. Originally financed and built by China in the 1970s, the TAZARA railway has long served as a vital route for copper exports and fuel imports through Tanzania. The upgrade is widely viewed as a significant counterweight to the U.S. and EU-backed Lobito Corridor, which aims to connect Angola with Zambia and the…
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