TAZARA to Allow Private Investments
The Tanzania Zambia Railway
Authority (TAZARA) is currently reviewing the TAZARA Act of 1995 to allow
private investments and commercialize the railway.
The announcement was made by Aunyisa Meena,
Assistant Director at the Ministry of Works, Transport and Communication of
Tanzania, on August 24, 2016.
He explained that these reforms are
needed in order for TAZARA to meet the current competition and remain
commercially viable.
TAZARA Act 1995
According to the
TAZARA Act of 1995 the funds of the Authority shall consist of such moneys as
may: be appropriated by Parliament for the purposes of the Authority be paid to
the Authority by way of services rendered be paid to the Authority by way of
grants or donations vest in or accrue to the Authority The Act further
indicates that the Authority may: accept moneys by way of grants or donations
from any source in Tanzania or Zambia and, subject to the approval of the
Council, from any source outside Tanzania or Zambia subject to the approval of
the Board, raise by way of loans or otherwise, such moneys as it may require
for the discharge of its functions charge and collect fees in respect of
programs, seminars, consultancy services, and other services provided by the
Authorit
Tanzania
Zambia Railway Authority
TAZARA operates the Tanzania-Zambia railway
since its inception in 1975. China funded the project mainly to provide an
alternative route to export copper from Zambia to Dar es Salaam. In the 1990s,
the economic performance of the railway began to decline and continued
deteriorating over the next 20 years. However, since 2010 China has been
helping TAZARA to revive its operations. Still, TAZARA infrastructure cannot
currently meet today’s development demand. This is why revitalizing TAZARA is
among the intentions of Tanzania, Zambia, and China. In 2015–2016, TAZARA’s
annual freight traffic reached 130,000t, from 87,000t in 2014–2015,
representing an increase of 49%.
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