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

SC Expresses Displeasure Over Delay In Nithari Murder Case Hearing

The Nithari case, which surfaced in Noida between 2005 and 2006, involved the recovery of…

7 mins ago

SC Reserves Verdict On BRS MLAs’ Disqualification; Criticizes Telangana CM

The Supreme Court has reserved its decision on the petition seeking the disqualification of BRS…

13 mins ago

Gautam Adani Visits Kanpur Defence Facility; Highlights Commitment To Self-Reliance

On 5 March, Adani Group Chairman Gautam Adani visited Adani Defence in Kanpur, praising its…

16 mins ago

Indian Religious Heritage Finds Global Spotlight With PM Modi

During his Thailand visit, PM Modi witnessed 'Ramakien', the Thai version of 'Ramayana', a key…

1 hour ago

Rouse Avenue Court Issues Notice To ED In AgustaWestland Case

Rouse Avenue Court has issued a notice to the ED and sought its response to…

2 hours ago

Gautam Adani Visits Navi Mumbai Airport Site; Set For Mid-2025 Launch

Gautam Adani on 16 March visited the Navi Mumbai International Airport, which is nearing completion…

2 hours ago