The government has signed 91.032 million US dollars (154.39bn/-) loan agreement with South Korean based Exim Bank to construct a flyover at Selander Bridge in Dar es Salaam and seven kilometre road to connect the central business district region and Msasani.
Minister for Finance Ms Saada Mkuya Salum, said in the city yesterday that the project to start in the next six months will involve widening of the existing road from two to four lanes.
“The new Selander Bridge with length of 1.03 km crossing the Indian Ocean will mitigate the chronic traffic congestion along Ali Hassan Mwinyi road,” said the minister after signing the loan agreement with Exim bank Executive Director, Mr Seong-hyeog Yim.
Ms Salum pointed out that the successful implementation of the two year project will promote development and that the new Selander Bridge will also be another tourist attraction.
“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,” she observed.
Ms Salum said Korea had financed a number of projects in the country and that the value of ongoing and completed projects financed by the country stands at 363,980,883 US dollars.
“This is not the first time for Korea to extend concessional loans to Tanzania. This reflects the cordial relations that exist between our two countries,” she said.
On his part Mr Yim said, the agreement signing demonstrates good relations between Tanzania and Korea adding that the new bridge will improve economic activities in the city.
Tanzania National Roads Agency (Tanroads) Chief Executive, Eng Patrick Mfugale, said the project will involve Toure and Kenyatta drives along Msasani Pennisula.
Where the bridge will start to Barack Obama Drive near Agha Khan Hospital and Ocean Road Hospital. Selander Bridge connects the city centre to the northern Oyster Bay neighbourhood.
It was constructed in 1929 and is named after John Einar Selander Tanganyika’s first Director of Public Works. The present bridge was funded by Japan International Cooperation Agency (JICA) in 1980.