A 30-year concession agreement for the port of Dar-es-Salam

Dubai state-owned ports operator DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise the multi-purpose Dar es Salaam Port, connecting Tanzania and the wider region to global markets. 

 

The concession agreement was signed between Mr Plasduce Mkeli Mbossa, Director General of the TPA and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, in the presence of H.E. Samia Suluhu Hassan, President of the United Republic of Tanzania. 

 

The concession to operate and modernise the Dar es Salaam Port was awarded to DP World with the primary objective of optimising the Port’s operations to improve transport and logistics services throughout Tanzania and its hinterland.

 

DP World will initially invest more than $250 million to upgrade the port and the investment could increase to $1 billion during the concession period, alongside hinterland logistics projects. 

 

DP World will make future investments in modernising the Port, including potential investments in temperature-controlled storage to enhance Tanzania’s agricultural sector, as well as greater connections to rail-linked logistics.

 

The Port will connect to the hinterland of sub-Saharan Africa through a network of roads, highways, railways and dedicated freight corridors and ports, supporting the growing demand for logistics solutions across the continent and connecting businesses in the region to global markets.

 

 

source : dpworld.com, reuters.com