News
18 September 2018
Marsh, ATI arrange $95m bank surety solution for Tanzanian high-speed rail project
In:
Social infrastructure
Region:
Middle East & Africa
Marsh has provided a $95 million bank surety solution to Yapı Merkezi Construction and Industry to support the construction of a new high-speed electric railway line in Tanzania.
The solution was structured in collaboration with pan-African investment insurer African Trade Insurance Agency.
Yapı Merkezi was awarded the contract to design and build the new $1.25 billion, 300km, high-speed electric railway line by Tanzanian state-run railway firm RAHCO: Reli Assets Holding Company.
The line from Dar es Salaam to Morogoro will replace the century-old track and will have the capacity to transport 17 million tonnes of cargo each year.
