Tanzania In Process Of Reviving Stalled Gigantic Bagamoyo Port Project

Africa | Infrastructure | Tanzania June 26, 2021

Tanzania has begun the process of reviving its stalled gigantic new Bagamoyo Port project. That was announced by the country’s President Samia Hassan on June 26, 2021, according to some media.

The $10 billion gigantic port project includes a special economic zone and some rail links to the country's two major railway networks, namely TAZARA and the central line's standard gauge railway (under construction). It is located in Bagamoyo town, about 75 kilometers north of Dar es Salaam, and expected to become the largest port in East and Central Africa on completion.

Contract for beginning implementation of the project was signed between the government of Tanzania and the project investors, namely China Merchants Holdings and Oman’s State General Reserve Fund, in October 2015. However, the implementation of the project stalled in May 2019 over disagreement about the project terms following a renegotiation of the project initiated by the government of Tanzania.

The mega infrastructure project would likely deliver incredible economic benefits to Tanzania. Revival of its implementation would therefore be a great move by the government there. _________________________ © 2015 - 2021 Africauptodate. All Rights Reserved