Standard Chartered Plc is set to arrange a $2.2 billion financing package for Tanzania’s Standard Gauge Railway (SGR), in a deal that signals renewed momentum for one of East Africa’s largest infrastructure projects.
The loan—backed by export credit agencies—is expected to be signed in Dodoma and will fund the third and fourth phases of the railway, covering sections between Makutupora, Tabora and Isaka.
The SGR is a flagship transport corridor designed to connect the port of Dar es Salaam with inland commercial centres and neighbouring countries, improving cargo movement and reducing logistics costs across the region.
Standard Chartered is taking a lead role in structuring the financing, building on its earlier involvement in funding initial phases of the railway.
The latest deal underscores growing investor confidence in Tanzania’s infrastructure pipeline, as the government pushes ahead with large-scale transport projects aimed at boosting trade and regional integration.