{"id":33232,"date":"2026-04-28T17:32:36","date_gmt":"2026-04-28T15:32:36","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=33232"},"modified":"2026-04-28T17:32:36","modified_gmt":"2026-04-28T15:32:36","slug":"standard-chartered-arranges-2-33-billion-of-funding-for-tanzania-railway","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/standard-chartered-arranges-2-33-billion-of-funding-for-tanzania-railway\/","title":{"rendered":"Standard Chartered arranges $2.33 billion of funding for Tanzania railway"},"content":{"rendered":"<p>Standard Chartered Bank has successfully arranged a $2.33 billion syndicated financing facility for the Standard \u200cGauge Railway project in Tanzania, the bank said this Tuesday.<\/p>\n<p>&nbsp;<\/p>\n<p>The money will finance two stretches of a planned 1 219 km railway line that links the commercial capital and port \u2060of Dar es Salaam and the lakeside city of Mwanza.<\/p>\n<p>&nbsp;<\/p>\n<p>Turkey&#8217;s Yapi Merkezi and China&#8217;s China Civil Engineering Construction Corporation will undertake the works, the bank&#8217;s statement said. Funding was secured from export credit agencies, commercial banks and development finance institutions, it added.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;The construction and modernisation of the \u200cStandard \u2060Gauge Railway (SGR) will connect the port of Dar es Salaam to key growth corridors in western Tanzania and neighbouring states, providing a reliable mode of transportation \u2060for people and cargo,&#8221; the bank said.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;The SGR will spur the economic development of the interior areas of \u2060Tanzania.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>Tanzania is aiming to construct a modern railway network of at least 2,561 km, \u2060connecting the East African country with landlocked neighbours Rwanda, Burundi, Uganda and the Democratic Republic of Congo.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":33233,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-33232","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Standard Chartered Bank has successfully arranged a $2.33 billion syndicated financing facility","published_date":"2026-04-28 17:31:28","news_description":"Standard Chartered Bank has successfully arranged a $2.33 billion syndicated financing facility","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33232\/revisions"}],"predecessor-version":[{"id":33234,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33232\/revisions\/33234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/33233"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=33232"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=33232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}