Dubai-based DP World to invest $250mln to modernise port in Tanzania
Tanzania’s government signed a controversial port management deal with Dubai-based DP World to operate and upgrade part of the Dar es Salaam port for 30 years with an initial investment of over $250 million.
Plasduce Mbossa, the Director General of the state-owned Tanzania Ports Authority (TPA), has confirmed that DP World will assume a lease and operational role for four out of the 12 berths.
Mbossa added the partnership with DP World will improve the effectiveness and efficiency of the port by reducing cargo clearance time and increasing port capacity to process 130 vessels per month compared with the current 90.