Prime Minister Modi went to Tanzania on Sunday. He said that full support will be provided to the country for its development needs.
Five agreements have been signed by India with Tanzania, including one for providing a $92 million credit line in the water resources sector.
“Our in-depth discussions on regional and global issues reflected our considerable convergence on issues of common interest and concern,” Narendra Modi said.
“India’s cooperation with Tanzania will always be as per your needs and priorities,” Modi said.
The agreement have been signed by the two countries as Tanzania has lack of safe water access. Under this agreement, India would provide a Line of Credit of $ 92 million for rehabilitation and improvement of Zanzibar’s water supply system.
“The two countries were also working on a number of other water projects for 17 cities in Tanzania,” Prime Minister said.
Financial support will be provided to Tanzania by Modi government for other water projects in east Africa’s second-biggest economy, Modi said.
“India is willing to consider an additional $500 million line of concessional credit,” Modi said at a joint news conference with Magufuli.
Earlier, in 2014, an agreement has been signed between China Merchant Holding International (CMHI) and Tanzania to build a new mega port and economic zone at Bagamoyo expected to cost at least $10 billion.