Tanzania Gets USD 268 Million To Extend Lake Victoria Water Pipeline

On 19th June 2015, the Export-Import Bank of India (Exim) and the Ministry of Finance of Tanzania signed an agreement to extend additional line of credit (LOC) of USD 268 million to the Government of Tanzania, for financing the extension of Lake Victoria water pipeline to Tabora, Igunga, and Nzega.

Mr. Yaduvendra Mathur, Chairman and Managing Director of Exim India and Ms. Dorothy Stanley Mwanyika, Deputy Permanent Secretary of the Ministry of Finance of Tanzania, signed this agreement that will bring drinking water to more than 400,000 people in the dry north-west region of Tanzania.

This is the fourth

LOC extended by Exim bank to Tanzania. The first LOC of USD 40 million was extended for financing supply of tractors, pumps and equipment; the second one of USD 36 million was destined to finance the acquisition of vehicles, and the third one of USD 178.125 million was extended for financing augmentation of water supply schemes of Dar es Salaam and Chalinze regions in Tanzania.

According to WHO/UNICEF Joint Monitoring Programme for Water Supply and Sanitation in Tanzania retrieved in April 2012, slightly more than 50% of the Tanzanian population is estimated to have access to an improved water source, with stark differences between urban areas (about 79% in 2010) and rural areas (about 44% in 2010).

source:tenzania invest