• Short Summary

    The finance ministers of Tanzania and Zambia returned to Dar es Salaam on Monday (20 July) after negotiating a GBP 167 million (stg) Chinese loan for a new rail link between the two African countries.

  • Description

    The finance ministers of Tanzania and Zambia returned to Dar es Salaam on Monday (20 July) after negotiating a GBP 167 million (stg) Chinese loan for a new rail link between the two African countries. Mr Amir Jamal of Tanzania and Mr Elijah Mundena of Zambia spent two weeks in Peking with Chinese leaders working out details of the project.

    Mr Jamal said at a news conference at the airport that the interest free loan would be shared equally between the two countries. It is to be repaid over 30 years commencing in 1973.

    The Zambian and Tanzanian delegations were warmly greeted by Chinese officials, headed by the charge d'affaires Mr Chou Po-Ping, acting for the Ambassador who is in Peking.

    Mr Jamal went on to say that the railway will be vitally important to the development of Pan-African communications. It will give Zambia an outlet to the Indian ocean for its copper exports independent of neighbouring white-ruled territories.

    Work is expected to begin on the railway in October and could provide employment for up to 20,000 men.

    Later Mr Mundena flew onto Lusaka to report on the talks to President Kaunda.

  • Tags

  • Data

    Film ID:
    VLVAE9FFMDTJ9ZFO4QNC3L0O5Y7K1
    Media URN:
    VLVAE9FFMDTJ9ZFO4QNC3L0O5Y7K1
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    21/07/1970
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:45:00
    Time in/Out:
    /
    Canister:
    N/A

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