The Tanzania-Zambia Railway Authority (TAZARA) has signed a Memorandum of Understanding (MoU) with Bombardier Transportation to explore possibilities of investment cooperation. With access to possible international funding options to support the revitalization of TAZARA, Bombardier Transportation has offered a preliminary turnkey solution for TAZARA to increase efficiency and capacity in the areas of track, rolling stock, signaling and telecommunications.
“Following the signing of the MoU, we shall now create a joint team to undertake a feasibility study that will define and agree on the scope of the partnership, after which Bombardier Transportation will submit a full technical and financial proposal for our consideration,” TAZARA Head of public Relations, Conrad Simuchile said.
Nazif Tasci, Bombardier Transportation Director for Sales and Business Development, who signed the MoU on behalf of Bombardier, assured TAZARA that it was very possible to arrange a turnkey solution, including a very attractive funding arrangement via Sweden. “In the past, we have successfully closed transactions based on support from the European-based export credit agencies to extend financing to our customers and we strongly believe this is also possible in the case of TAZARA,” said Nazif Tasci.
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