Business

Adani Ports Secures 30-Year Concession to Operate Dar es Salaam Port’s Container Terminal 2 in Tanzania

Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port, Tanzania. 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, estimated to be 83% of Tanzania’s total container volumes.

East Africa Gateway Limited (EAGL) 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.

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 (and its affiliate Hutchison Port Investments Limited) and Harbours Investment Limited for a purchase consideration of USD 39.5 million. TICTS currently owns all the port handling equipment and employs the manpower. Adani will operate CT2 through TICTS.

“The signing of the concession 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. 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,” said Mr. Karan Adani, Managing Director, APSEZ.

 

Bharat Express English

Recent Posts

SBI CME Soldierathon Set To Honour Indian Army’s Brave Soldiers On 244th Sappers Day At CME Pune

This landmark event, organized at the historic Military Institute, will honor the sacrifices of the…

6 mins ago

SC Seeks Responses In Mathura Krishna Janmabhoomi-Idgah Dispute, Grants Two Weeks To All Parties

The Supreme Court has also paused the Allahabad High Court’s order for a survey of…

18 mins ago

Yogi Government Launches Massive Green Initiative For Maha Kumbh 2025

The Yogi Adityanath administration has launched a tree-planting campaign to make Prayagraj environmentally sustainable for…

36 mins ago

BJP MLA Rajeshwar Singh Calls On Akhilesh Yadav To Act As Positive Opposition In UP DGP Debate

Singh noted that, over seven years, police encounters have killed 197 criminals and injured 6,329.…

46 mins ago

Election Commission Appoints Sanjay Kumar Verma As New DGP For Maharashtra

The Election Commission of India endorsed the appointment of Sanjay Kumar Verma as the new…

1 hour ago

Devotees Mistakenly Collect AC Condensation As ‘Charan Amrit’ At Mathura Temple

Devotees at Mathura's Banke Bihari temple gathered to collect water dripping from a sculpted elephant,…

2 hours ago