ANTALYA, Nov. 13 -- TANZANIA is in the final stages of negotiations with Turkiyes Exim Bank for a 280 million US dollars financing package to complete the third and fourth sections of the Standard Gauge Railway (SGR), a move expected to accelerate the countrys strategic transport infrastructure.

The minister for Finance, Ambassador Khamis Mussa Omar revealed this on Thursday stating that the two sections, covering more than 700km, have a combined cost of 1.6bn US dollars, with 1.32bn US dollars already secured, leaving 280m US dollars to complete the financing.

The discussions took place in Antalya, Turkey, on the sidelines of the 31st Conference of Parties (COP31) to the United Nations Framework Convention on Climate Change, between a ...