ZAMBIA, Tanzania and China have signed the US$1.4 billion TAZARA revitalisation agreement, which includes the purchase of 34 new locomotives, 16 passenger coaches and 760 wagons. In a statement issued Monday, Ministry of Transport and Logistics Principal Public Relations Officer Ernest Chanda disclosed that the project’s initial investment was $1.1 billion, while US$238 million would come from re-investments. “Zambia, China and Tanzania have finally signed the TAZARA Revitalisation Project Agreements after over one and a half years of negotiations. The Revitalization Project will cost US$1.4 billion, of which the initial investment will be $1.1 billion, and $238 million will be re-investments. The scope of work will include the following, among others: Rehabilitation of the track from Dar es Salaam to...