Dar-es-Salaam Port gets a major upgrade worth $154 Million

As a part of China’s plans to invest into African development projects to boost agriculture, build roads, ports and railways and remove some debt – The International giant China Harbour Engineering Company (CHEC) and the government of Tanzania have signed a $154 million contract to expand the main port in the commercial capital, Dar es Salaam.

Major gas repository discoveries in Tanzania and oil well finds in Kenya and Uganda have turned East Africa into an exploration hotspot for large oil firms, but transport infrastructure in those countries has suffered from decades of under-investment.

Tanzania seeks financing for infrastructure projects as part of major plans to transform the country into a regional transport and trade hub.

A subsidiary of the state-run China Communications Construction Co Ltd, CHEC will build a roll-on, roll-off (ro-ro) terminal and deepen and strengthen seven berths at Dar es Salaam port, as a part of the contract financed by a loan from the World Bank. The deepening and strengthening of the berths, is expected to allow big container ships to dock in Dar es Salaam. All these efforts are part of the changes being done in order to increase the competitiveness of the port.

The Tanzanian government hopes that the expansion of the port will increase container throughput to 28 million tonnes a year by 2020 from around 20 million tonnes currently. Inefficiencies with the current state of the Dar es Salaam port were costing Tanzania and its neighbours up to $2.6 billion a year. A positive improvement such as this will greatly benefit Tanzania and its neighbours.

East Africa’s second-biggest economy wants to profit from its long coastline and upgrade its rickety railways and roads to serve the growing economies in the land-locked heart of Africa.

The Dar es Salaam port, whose main rival is the bigger but also congested port of Mombasa in Kenya, also acts as a major trade gateway for landlocked African states such as Zambia, Rwanda, Malawi, Burundi and Uganda, as well as the eastern region of the Democratic Republic of Congo.

Source:  biznessmart

Posted on April 2nd, 2018

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