The CCECC will invest $1.4 billion to upgrade the Tanzania-Zambia Railway (TAZARA) over 30 years, addressing key logistical challenges for copper exports. This move is vital as competition for African minerals escalates, especially against rival transport corridors supported by the U.S.
The China Civil Engineering Construction Corporation (CCECC) plans to invest $1.4 billion in the Tanzania-Zambia Railway (TAZARA) over a 30-year concession. This investment aims to enhance the railway’s infrastructure, which is essential for transporting copper and other minerals from central Africa. As a vital transport route, TAZARA helps avoid logistical issues in South Africa that have previously impeded the export of copper and cobalt.
Bruno Ching’andu, the CEO of TAZARA Authority, stated, “The decision to grant a concession follows an in-depth evaluation of TAZARA’s challenges over the years, which necessitated urgent intervention.” The upgrade is seen as critical in addressing the longstanding inefficiencies associated with the railway.
This investment also comes at a strategic point when China is reaffirming its support for TAZARA, particularly after the U.S. indicated funding for an alternative transportation route for minerals, the Lobito corridor, originating from Angola. The competitive landscape for Africa’s mineral transportation infrastructure appears to be intensifying, with significant international interest.
The CCECC’s $1.4 billion investment in TAZARA represents a significant step toward enhancing Africa’s mineral export capabilities. This initiative not only addresses ongoing logistical challenges but also highlights the growing competition between major global powers in securing access to Africa’s rich mineral resources.
Original Source: thefinancialexpress.com.bd
