Dans l' intention de la mise en œuvre du projet of Standard Gauge Railway (SGR) in Tanzania, a signature of a coordination letter has been signed between the African Development Bank, Deutsche Bank and Societe Generale.

The agreement signed between the three financial institutions foresees establishing a syndication strategy aimed at mobilizing up to 1.2 Bookman Old Style”, serif">billion dollars . This agreement underlines the Bank's role as the initial mandated lead global coordinator in mobilizing funding for the project. This $2.3 billion project will connect the Tanzanian port of Dar es Salaam on the Indian Ocean to the port of Mwanza on Lake Victoria. I It will extend to neighboring Rwanda, Burundi, Burundi, Democratic Republic of Congo, and Uganda. This will unleash economic potential by creating new mining and agricultural corridors across East and Central Africa

It should be noted that the financing will be carried out in two installments, with the African Development Bank coordinating the second installment with contributions from funding institutions of the die development, export credit agencies, bilateral donors, and multilateral development banks