Dar secures $272m AfDB loan for new airport

Tanzania has secured a $272 million loan from the African Development Bank (AfDB) to build a new international airport at its administrative capital Dodoma, part of a programme to expand the East African nation’s infrastructure.

The airport will be built in Msalato, 12 km (7 miles) from Dodoma and will take four years to build, the Abidjan-based lender said in a statement late on Thursday.

The airport will have a capacity to handle 1 million passengers annually, though the city has a population of just over 2 million people, AfDB said.

In October, the government said it had finished moving all its administrative functions to Dodoma from the commercial capital Dar es Salaam.

 

Business
SIB partners with CISI to elevate professional standards and enhance financial advisory skills among staff
Business
Angola ICT Minister Mario Oliveira during an interview in Nairobi on Monday.
By Titus Too 2 days ago
Business
NCPB sets in motion plans to compensate farmers for fake fertiliser
Business
Premium Firm linked to fake fertiliser calls for arrest of Linturi, NCPB boss