DP World signs 30-year concession to operate Dar es Salaam Port
DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise the multi-purpose Dar es Salaam Port, aiming to improve the port’s operations to improve transport and logistics services in Tanzania and its hinterland.
The first phase of the multi-investment plan will see the operator invest over US$250m for port upgrades, with the total investment potentially rising to more than US$1bn throughout the period.
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.
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