The Managing Director and CEO of the Tanzania-Zambia Railway Authority (TAZARA), announced that the China Civil Engineering Construction Corporation (CCECC) will invest over USD 1.4 billion in TAZARA to revitalize the railway infrastructure and operations. 

Under the terms of the proposed agreement, CCECC will undertake the following key investments:

• USD 1.0 billion – For full rehabilitation of TAZARA’s railway track infrastructure, enhancing safety, efficiency, and capacity.
• USD 0.4 billion –  For procurement of 32 brand-new locomotives and 762 new wagons, significantly increasing freight and passenger transport capacity.
• Periodic major overhauls, alongside continuous maintenance, will be conducted throughout the concession period to ensure long-term continuity and sustainability.

The concession will span 30 years, divided into two phases. The initial three years will focus on construction and rehabilitation, ensuring the necessary infrastructure is developed. The remaining 27 years will be dedicated to full operational management, maintaining long-term sustainability and efficiency. As the concessionaire, CCECC will prioritize the immediate rehabilitation of railway tracks and the provision of rolling stock to establish a solid operational foundation. The company will cover operational expenses through concession fees paid to TAZARA while ensuring the railway system's efficient maintenance and uninterrupted service. Throughout the concession period, CCECC will focus on sustainable operations, and at the end of the agreement, it will return fully rehabilitated assets, ensuring long-term viability and improved infrastructure for future use.