Dar es Salaam. The government has signed a soft loan agreement worth Sh86.880 billion ($54.3 million) with South Korea’s Exim Bank for construction of data centres for the National Identity system. The signing event was held yesterday in Dar es Salaam between Finance minister William Mgimwa and Exim Bank’s chairman and President Yong Hwan Kim.
Dr Mgimwa said the loan will be used to construct the entity’s head offices, establish data centres and procure facilities for the national identity project. “Completion of the data centres for the project will enhance the government plan to execute its development strategies,” said Dr Mgimwa.
He emphasised that national identity cards were crucial for the country’s development planning as they enable the government to collect important statistics related to population, revenue, migration, safety and residence. Dr Mgimwa promised the Exim Bank that the loan given will be used to implement the project according to the agreement.
With the Sh86.880 billion soft loan signed the total of the Southern Korea’s loans to Tanzania government stands at Sh582.400 billion, most of which has been injected in development projects.
In his speech, Mr Kim said with the loan given, the completion of the project will give room for the Tanzanians who have attained age of more than 18 to get an ID before 2015, the election year in the country.
Mr Kim said they were impressed by efforts being made by Tanzania to benefit from S. Korean technology of e-government, smart cards and finger printing.
He also announced that the Export-Import Bank of Korea has committed to increase its loan agreement for the Economic Development Cooperation Fund from the current 20 per cent to 25 per cent soon.
“The support will also benefit Tanzania among other beneficiaries of the fund,” said Mr Kim.
Mr Kim also noted that his government is ready to increase its support to Tanzania in areas of natural resources like the recently discovered gas among others which will help to enhance the Public and Private Partnership “PPP”.
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