Tanzania, April 30 -- Dodoma. Standard Chartered has secured a syndicated financing package exceeding $2.33 billion to support the expansion of Tanzania's Standard Gauge Railway (SGR), in a deal that underscores growing international confidence in the country's infrastructure ambitions.

The funding will facilitate the construction of Lots three and four of the SGR, covering approximately 430 kilometres between Makutupora and Isaka, being implemented by Yapi Merkezi.

The wider SGR project, which stretches from Dar es Salaam to Mwanza, is among the largest infrastructure undertakings in Tanzania's history and a key pillar of its economic transformation strategy.

According to the bank, the financing structure combines $1.32 billion in Exp...