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🇹🇿 TanzaniaBusiness

Tanzania and Kenya strengthen road partnerships

By , based on Daily News

Tanzania and Kenya strengthen road partnershipsIllustrative image · Kalz📸🇺🇬 Michael · Pexels · Licence Pexels

Tanzania and Kenya are seeking to strengthen public-private partnerships to finance and deliver infrastructure projects, particularly roads. Talks in Nairobi focused on financing mechanisms, payment models and private investment, according to Daily News, as part of the African conference on public-private partnerships.

Tanzania and Kenya want to increase the use of public-private partnerships to finance and deliver road projects. Tanzanian Minister for Works Masanja Kadogosa and Kenya’s Cabinet Secretary for the National Treasury John Mbadi discussed investment opportunities, financing mechanisms and cooperation between the public and private sectors in Nairobi, according to Daily News.

The two officials also exchanged views on the preparation, financing and management of major projects, including payment models for infrastructure services. The meeting was held on the sidelines of the 16th Africa PPP Conference on Infrastructure Financing, Investment and Partnerships, organised in Nairobi with investors, financial institutions and other development stakeholders. Tanzania announced on 9 November the revision of its public-private partnership law, with ten projects worth $3.2 billion under way, according to the revision of the public-private partnership law.

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