Tanzania has signed a US$ 400m loan deal with Japan to boost construction of roads in the country. The road construction in the country is aimed at triggering the growth of business activities.
Masharu Yoshida, the Japanese Ambassador to Tanzania confirmed that Japan International Cooperation Agency (JICA) and African Development Bank (AfDB) will help finance the road construction project in Tanzania.
“I have already spoken with President, Dr. John Magufuli, and he showed a great concern in maintaining our cooperation in improvement and construction of road networks; a good thing he was a Minister of Works, therefore he is very aware and concerned with this area,” Masharu Yoshida, the Japanese Ambassador to Tanzania said.
The Japanese company will take part in many kinds of projects including the improvement of 230 kilometre Arusha-Holili/Taveta – Voi road; this will be done in conjunction with African Development Bank. They will also provide financial assistance for the new alignment of 100km Kikafu Bridge.
JICA aims to contribute to the promotion of international cooperation as well as the sound development of Japanese and global economy by supporting the socioeconomic development and recovery or economic stability of developing regions.
On behalf of the government, Hai District Commissionerin Tanzania, Anthony Mattaka appreciated the role played by the Japanese Embassy and JICA in various projects in the country.