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Bombardier support Tazara funding arrangement via Sweden Kingdom

Bombardier Transportation's Nazifg Tasci, said it was possible to arrange a turnkey solution, including a very attractive funding arrangement via Sweden.

Bombardier support Tazara funding arrangement via Sweden Kingdom

Bombardier Transportation's Nazifg Tasci, said it was possible to arrange a turnkey solution, including a very attractive funding arrangement via Sweden.

09 September 2017 Saturday 17:40
Bombardier support Tazara funding arrangement via Sweden Kingdom

By Felix Andrew 

THE world’s renowned manufacturer of aircraft and trains, Bombardier Transportation has signed a Memorandum of Understanding with Tanzania Zambia Railway Authority (Tazara) that would enable the latter to improve its services.

Speaking soon after signing of the MoU in Dar es Salaam, the Bombardier Transportation's Nazifg Tasci, said it was possible to arrange a turnkey solution, including a very attractive funding arrangement via the Kingdom of Sweden.

“In the past, we have successfully closed transactions based on support from the European-based Export Credit Agencies, Export Development Canada, the Swedish Export Credits Guarantee Board, and the Swedish Export Credit Corporation to extend financing to our customers and we strongly believe this is also possible in the case of Tazara,” said Tasci.

With access to possible international funding options to support the revitalization of Tazara, Bombardier Transportation has offered a preliminary turnkey solution for authority to increase efficiency and capacity in the areas of track, rolling stock, signaling and telecommunications.

Following the signing of the MoU, the two parts shall now create a joint team to undertake a feasibility study that will define and agree on the scope of the partnership, after which Bombadier Transportation will submit a full technical and financial proposal for our consideration.

Tazara Managing Director, Eng. Bruno Ching’andu, welcomed the development: “We are delighted to welcome Bombadier Transportation, an acclaimed global leader in rail and aircraft technology, as one of the key partners in our quest to attain medium to long-term aspirations that include investing in rolling stock and infrastructure.”

“On our part, we remain very open to all possibilities for introducing investments in rolling stock and infrastructure, which is essential for uplifting our capacity and instilling confidence in our customers,” said Eng. Ching’andu.

With 60 production and engineering sites in 28 countries, Bombardier Transportation is a global leader in the rail industry, covering a wide-range of products including track equipment, locomotives, wagons, high-speed trains, telecommunications and rail control systems. In sub-saharan Africa, Bombadier has a presence in at least 5 countries.

Azania Post

Updated: 11.09.2017 10:25
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