The Board of Directors of the African Development Bank has approved a $272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma.
The funding package, approved on Wednesday, comprises a $198.6 million loan from the Bank, $23.52 million from the African Development Fund (ADF) and $50 million in co-financing with the Africa Growing Together Fund (AGTF) — a co-financing facility of the People’s Republic of China managed by the Bank.
The new airport will be built in the district of Msalato, 12 kilometres from the capital. […]
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