The World Bank’s board of executive directors has approved a $225-million loan to Tanzania to improve water supply in the African nation’s commercial capital Dar es Salaam, the bank said. Tanzania plans to raise $900-million in fiscal year 2016/17 to fund public investment projects in the transport, energy and water sectors. Loans and grants are an important source of foreign exchange for east Africa’s second-biggest economy.
Source: www.engineeringnews.co.za
World Bank approves 5m loan for Tanzania’s water sector
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