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Tanzania to get $380 mln loans from India for water projects

Mar 17, 2015    

DAR ES SALAAM (Reuters) - Tanzania will receive a total of $380 million in loans from India to finance two major water projects in the east African nation, the president's office said on Tuesday. India's government has offered $100 million to improve water supply in the commercial capital Dar es Salaam and $280 million to help supply water from Lake Victoria to Tabora, Nzega and Igunga towns, the presidency said in a statement.Earlier this month, Tanzania said it would get a $300 million concessional loan from the World Bank's International Development Association (IDA) to help improve road...

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