# Tanzania-South Korea economic cooperation > Live situation record from CLSTR: https://clstr.news/situations/tanzania-south-korea-economic-cooperation > Updated: 2026-09-12T10:00:19.000Z. Sources: 3. Developments: 2. Tanzania and South Korea have agreed to accelerate a $2.5 billion financing commitment through South Korea’s Economic Development Cooperation Fund (EDCF). The funding is intended to support strategic development projects across transport, technology, industry, health, and culture. During discussions in Seoul, Tanzanian Finance Minister Khamis Mussa Omar emphasized the necessity of improved coordination to avoid previous delays related to engineering designs and feasibility studies. The two nations pledged to monitor projects stemming from President Samia Suluhu Hassan’s 2024 visit to South Korea. Specific upcoming initiatives include the construction of a Smart ICT College in Dodoma, the Zanzibar International Convention and Exhibition Centre, and medical developments at Binguni Referral Hospital and Muhimbili National Hospital. Other focus areas include the Ifakara-Mahenge road construction to support graphite mining and the procurement of passenger coaches for the Standard Gauge Railway (SGR). ## Timeline ### 2026-09-12: Tanzania and South Korea to fast-track 2.5 billion USD development projects Tanzania and South Korea will fast-track 2.5 billion USD in development funding for projects in transport, health, and technology, including a new ICT college in Dodoma. 2 sources. https://clstr.news/cluster/tanzania-and-south-korea-to-fast-track-25-billion-usd-development-projects ### 2026-09-10: Tanzania and South Korea agree to $2.5bn infrastructure and technology deal Tanzania and South Korea are accelerating a $2.5 billion deal for infrastructure and technology, while Tanzania pushes for digital investment and agricultural value addition to meet its 2050 development goals. 2 sources. https://clstr.news/cluster/tanzania-and-south-korea-agree-to-25bn-infrastructure-and-technology-deal --- Cite as: Tanzania-South Korea economic cooperation. CLSTR, https://clstr.news/situations/tanzania-south-korea-economic-cooperation