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Under the agreement, IFC will act as the transaction advisor, overseeing due diligence, project structuring, and the selection of private sector partners to fund and implement the new phases of the BRT system. Phase three will focus on Nyerere Road, and phase four will cover Bagamoyo Road.
The Dar Rapid Transit (DART) Agency has signed an agreement with the International Finance Corporation (IFC) to facilitate the development of phases three and four of the Bus Rapid Transit (BRT) system in Dar es Salaam.
Under the agreement, IFC will act as the transaction advisor, overseeing due diligence, project structuring, and the selection of private sector partners to fund and implement the new phases of the BRT system. Phase three will focus on Nyerere Road, and phase four will cover Bagamoyo Road.
These two corridors are critical for connecting key areas of Dar es Salaam, home to over six million residents. The agreement sets a 21-month timeline for the project’s completion. The IFC’s role includes identifying potential private sector investors, ensuring compliance with regulatory standards, and leveraging international best practices for the project’s design and implementation.
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DART will also appoint an interim service provider for phase three to ensure operations commence while long-term plans are finalized. This step is expected to help maintain the project timeline and avoid delays in delivering improved transport solutions to the city. The interim provider will manage key operational aspects, including fleet preparation and temporary service delivery, to bridge the gap until full implementation.
