We, the Tanzania-Zambia Railway Authority (TAZARA) Council of Ministers, comprising the Ministers responsible for Transport, Finance and Industry in Tanzania and Zambia, meeting in Dar es Salaam, Tanzania, this 13th Day of October 2019, do hereby declare the following.
Operational Performance
We noted that the performance of the Authority remained below breakeven point and therefore requiring immediate action to improve the situation.
Review of the TAZARA Act
We noted that the review of the TAZARA Act is nearing final conclusion and the Bilateral Agreement to pave way for the revision of the Act will be signed by the end of the year.
Recapitalisation
We noted the various challenges faced by the Authority and resolved to finance the re-capitalisation of TAZARA by the two states, after the Board has completed a bankable business plan by March 2020.
Restructuring
We noted that it is necessary to restructure the Authority once the TAZARA Act is reviewed.
Preferential Policies
We take note that in order to foster business for TAZARA, preferential policies will have to be passed in the respective countries for at least 30% of bulky cargo to be transported by rail.
Hon. Mutotwe Kafwaya, MP - Minister of Transport and Communications, Republic of Zambia (CHAIRPERSON)
Hon. Eng. Isack Aloyce Kamwelwe, MP - Minister of Works, Transport and Communications, United Republic of Tanzania (CO-CHAIRPERSON)
