Tanzanian $10 billion megaport to be largest in East AfricaStaff writer ▼ | October 26, 2015
Construction is underway on the $10 billion Bagamoyo port in Tanzania. The entire project will be delivered in ten years.
Trading The multi-phase project in Tanzania
According to government officials, the first phase of Bagamoyo port will have capacity to host container vessels of up to 8,000 twenty-foot equivalent units (TEUs).
At the groundbreaking ceremony, President Jakaya Kikwete said the port’s construction would help the government realise its goal of bringing about “an industrial revolution in Tanzania”.
While phase one of the development should be completed within three years, the entire project – to include the port and economic zone, plus road and rail infrastructure – will be delivered in ten years.
With cargo volumes at Dar es Salaam expected to rise by up to 25 per cent this year, to 18 million tonnes, it is hoped that Bagamoyo will ease the burden on the port, which is already operating beyond its capacity and with limited space for expansion. ■