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Tanzanian Gas Plant and Bagamoyo Port Top EA's $75.5b Mega Projects

Eastern Africa countries have raised investment in infrastructure projects in the past five years with Tanzania leading in terms of the value and number of projects that broke ground by June last year, supported  by the new Likong’o-Mchinga Liquefied Natural Gas plant, the most valuable project in the region, according to a new report.

The Africa Construction Trends Report (2019) by Consultancy firm Deloitte released in January, shows that in the past five years Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, Tanzania and Uganda have almost tripled the number of infrastructure projects to 182 valued at $146.5 billion from 61 valued at $57.5 billion in the previous five years.                      
According to the report, the region’s top 10 projects make up 51.7 per cent ($75.5 billion) of the total value of projects in the region, thus accounting for a large proportion of cost on infrastructure projects.
 
Tanzanian, Ethiopian and Kenyan infrastructure projects make up the top 10 projects in the region valued at $43 billion, $19.7 billion and $12.8 billion respectively, with the transport and energy and power sectors recording four and three projects in the top 10 respectively.
Source : www.ogafnz.com
Posted On: 2/24/2020 12:00:00 AM

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