PM, Tanzanian President attend signing dam agreement

DAR ES SALAAM, Dec 12 (MENA) - Egyptian Prime Minister Moustafa Madbouly and President John Magufuli on Wednesday attended the signing ceremony of an agreement on setting up a dam on the Basin of Rufiji River in Tanzania.

Stiegler's Gorge dam will be constructed by the Egyptian Arab Contractors Company at a total cost of $2.9 billion.

Attending the signing ceremony were Egyptian Minister of Electricity Mohamed Shaker and Minister of Irrigation Mohammed Abdel Aaty along with several top ranking Tanzanian officials.

The project includes setting up a major concrete dam for storing water required to generate power along with four other dams bringing the total quantities of stored water to 33 billion cubic meters.