Better connecting Tanzania to the global markets
DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise Dar es Salaam Port.
The concession to operate and modernise the port was awarded to DP World with the primary objective of optimising operations to improve transport and logistics services throughout Tanzania and its hinterland.
“The development will deliver trade opportunities for the region, connecting East Africa and broader sub-Saharan Africa with global markets, driving economic growth, job creation, enhanced access to products and service and creating value for all our stakeholders,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.
”Alongside other ports that we operate, this concession agreement marks another milestone in our collective efforts to leverage DP World’s global and local expertise to enhance the region’s supply chain to support the economic growth of the entire continent.”
Multi-phase investment
This is the first phase of a multi-phase investment plan. DP World will initially invest more than $250 million to upgrade the port and the investment could increase to $1 billion during the concession period, alongside hinterland logistics projects.
The port will connect to the hinterland of sub-Saharan Africa through a network of roads, highways, railways and dedicated freight corridors and ports, supporting the growing demand for logistics solutions across the continent and connecting businesses in the region to global markets.
Dar es Salaam has already greatly benefitted from recent investments made by the Government of Tanzania to improve its infrastructure. DP World will work with the TPA alongside the port’s existing stakeholders to build on this progress to allow faster cargo clearing and improved cargo planning – strengthening Dar es Salaam’s critical role as the maritime gateway for green energy metals from the copper belt in Southern-Central Africa.
DP World said it will make future investments in modernising the port, including potential investments in temperature-controlled storage to enhance Tanzania’s agricultural sector, as well as greater connections to rail-linked logistics. Investments will also potentially include the future development of a special economic zone together with the broader port’s logistics sector.