Tanzania, Nov. 4 -- The United Republic of Tanzania has signed a $1.2 billion commercial financing facility for the Tabora-Kigoma section of its Standard Gauge Railway (Lot 6). The African Development Bank (AfDB), acting as Initial Mandated Lead Arranger (MLA), structured and arranged the Partial Credit Guarantee (PCG) of $800 million which is the Bank's largest to date.Tanzania mandated the Bank to structure and mobilise up to $3.2 billion for its regional railway development through Standard Gauge Railway Project. Delivering this ambitious project required a financing approach capable of mobilising capital from multiple investor classes. A key priority was to align the financing requirements and risk appetites of various institutions with...