Dodoma, Tanzania – SACE has approved a €250 million export credit operation to support Italian exports for lots 3 and 4 of Tanzania’s Standard Gauge Railway (SGR), the country’s new electrified rail backbone.
The initiative highlights the role of Italian expertise in a strategic infrastructure project aimed at strengthening connectivity across East Africa. Italian company Tuxor, based in Turin, will contribute by supplying steel materials and components for large-scale infrastructure.
The financing, structured in favor of Standard Chartered Bank acting as SACE Agent, also involves export credit agencies from Poland and Sweden. It is part of the broader SGR project promoted by Tanzania Railways Corporation, with a total value of approximately $2.4 billion.
The specific section covered - Makutupora–Tabora–Isakais key to improving links between Dar es Salaam, northwestern Tanzania, and landlocked neighboring countries such as Uganda, Rwanda, and Burundi.