TPA concession to be part of AIPH ambition of being global port operator by 2030
Adani International Ports Holdings Pte Ltd (AIPH) http://adaniports.com has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania.
Dar es Salaam Port https://www.ports.go.tz/index.php/en/dar-es-salaam-port is a gateway port with a well-connected network of roadways and railways.
CT2, with four berths, has an annual cargo handling capacity of 1 million TEUs and managed 0.82 million TEUs of containers in 2023 https://www.wto.org/ , estimated to be 83% of Tanzania’s total container volumes https://trade.tanzania.go.tz/ .
East Africa Gateway Limited (EAGL) https://www.eastafricagate.com/ has been incorporated as a joint venture of AIPH, AD Ports Group and East Harbour Terminals Limited (EHTL). APSEZ will be the controlling shareholder and will consolidate EAGL on its books https://tccia.or.tz/ .
EAGL has signed a Share Purchase Agreement for the acquisition of 95% stake in Tanzania International Container Terminal Services Limited (TICTS) from Hutchison Port Holdings Limited http://hutchisonports.com (and its affiliate Hutchison Port Investments Limited) and Harbours Investment Limited for a purchase consideration of US$39.5 million. TICTS currently owns all the port handling equipment and employs the manpower. Adani will operate CT2 through TICTS https://shipmin.gov.in/ .
“The signing of the concession http://energychamber.org for Container Terminal 2 at Dar es Salaam Port is in line with APSEZ’s ambition of becoming one of the largest port operators globally by 2030,” Karan Adani, Managing Director, APSEZ http://pa.nic.in.
“We are confident that with our expertise and network in ports and logistics, we will be able to enhance trade volumes and economic cooperation between our ports and East Africa. We will strive to transform Dar es Salaam Port into a world class port,” he said on 31 May. Fiinews.com
