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DP World yesterday signed a 30-year concession agreement with Tanzania Ports Authority (TPA) to operate and modernise Dar es Salaam Port, overcoming domestic opposition to private company intervention.
DP World said it would initially invest more than $250m, which could increase to $1bn over the course of the concession.
This will go towards “cutting-edge technologies and advanced equipment”, to boost the port’s annual cargo handling capacity from its current 750,000 teu.
Initially, the investment will focus on improving cargo-clearing systems and eliminating ...
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