DP World is currently in talks with Tanzania to manage and develop the port of Dar es Salaam.
1. The Tanzanian government wants DP World to triple revenue from the facility to 26.7 trillion shillings ($11.2 billion) over the next decade from 7.76 trillion shillings ($3.3 billion).
2. The agreement is part of a larger effort to expand and improve Tanzania's sea ports, including Dar es Salaam, Tanga, and Mtwara.
3. The Tanzanian government has already approved an Intergovernmental Agreement (IGA) with DP World, which sets the stage for other procedures, including the concession agreement, before the commencement of a new chapter for cooperation between the Tanzania Ports Authority (TPA) and DP World.
4. DP World's investment in Tanzania will modernize the port's infrastructure by investing in the equipment, processes, and systems at the port of Dar es Salaam.
5. The potential private sector investment could enhance the competitiveness of Dar es Salaam Port by improving service quality and increasing efficiency, which could attract more business to the port, thus boosting revenue and contributing to Tanzania's overall economic development.
1. The Tanzanian government wants DP World to triple revenue from the facility to 26.7 trillion shillings ($11.2 billion) over the next decade from 7.76 trillion shillings ($3.3 billion).
2. The agreement is part of a larger effort to expand and improve Tanzania's sea ports, including Dar es Salaam, Tanga, and Mtwara.
3. The Tanzanian government has already approved an Intergovernmental Agreement (IGA) with DP World, which sets the stage for other procedures, including the concession agreement, before the commencement of a new chapter for cooperation between the Tanzania Ports Authority (TPA) and DP World.
4. DP World's investment in Tanzania will modernize the port's infrastructure by investing in the equipment, processes, and systems at the port of Dar es Salaam.
5. The potential private sector investment could enhance the competitiveness of Dar es Salaam Port by improving service quality and increasing efficiency, which could attract more business to the port, thus boosting revenue and contributing to Tanzania's overall economic development.