The Tanzanian government will construct a flyover at Selander Bridge in Dar es Salaam after the country signed a 91.032 million US dollars deal with South Korean based Exim Bank that will also involve the construction of a seven kilometer road to connect the central business district region and Msasani area.
Ms Saada Mkuya Salum the Minister for Finance, said yesterday that the project is to start in the next six months. It will involve widening of the existing road from two to four lanes.
During signing of the loan agreement with the Exim bank Executive Director, Mr Seong-hyeog Yim. The minister for Finance Ms Salum said, with a length of 1.03 km crossing the Indian Ocean the new Selander Bridge will alleviate the chronic traffic jam along the Ali Hassan Mwinyi road. She added that the successful implementation of the two year project will promote development and that the new Selander Bridge will also be another tourist attraction.
The new Selander Bridge will indeed become one of the major tourist attract in Tanzania. This is because such features attracts tourists from different places .This will improve Tanzanians economy because of the foreign exchange they will get for the tourists.
Ms Saada Mkuya Salum said that eighty Three per cent of the total cost of the project will be provided as concessional loan from Korean Exim Bank and Seventeen per cent will be chipped in by the government of Tanzania,
Ms Salum said Korea had financed a number of projects in the country and that the value of the ongoing and completed the projects financed by the country stands at 363,980,883 million US dollars
Mr Yim said that it is not the first time for Korea to expand concessional loans to Tanzania. This shows the good relationship that exist between the two country ,On his part, the contract signing demonstrates good relations between Tanzania and Korea adding that the new bridge will improve economic activities in the city