The Tanzania government has
released USD 33 million to compensate the 1,020 Kurasini residents who
will be affected during the construction of the Tanzania-China Logistics
Center that is scheduled to begin soon.
According
to the Tanzania Minister of Industries and Trade, Abdallah Kigoda, the
government has given the funds to the Export Processing Zones Authority
(EPZA) to oversee the compensation exercise.
Hon. Kigoda went on to indicate that
China will also inject nearly USD 412.5 million to finance the project
which will involve two phases of construction that will result in a
modern trade hub covering 60.4 hectors in Kurasini.
The project is a direct result of
Sino-Africa Cooperation meeting held in Cairo in 2009 where China
expressed an interest in launching for African trade hubs with Tanzania
chosen as the first location for a trade center that, upon completion,
is expected to be the largest in East and Central Africa.
“This signifies a crucial development
toward implementation of this important project to our country’s
development,” said Hon. Kigoda.
According to the Minister, the project
will result in more than 25,000 direct employments and 100,000 indirect
employments, will increase the government’ s tax base, and will allow
local residents to purchase Chinese products without leaving the country
to do so |
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