Adani Ports bags 30-year deal to operate Container Terminal at Tanzania Port

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AHMEDABAD: Adani International Ports Holdings Pte Limited (AIPH), a subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ), introduced on Friday that it has secured a 30-year concession to operate and handle Container Terminal 2 (CT2) at Dar es Salaam Port in Tanzania. The settlement, signed with the Tanzania Ports Authority, signifies a major enlargement for Adani Ports in East Africa.
In 2023, Dar es Salaam Port dealt with 0.82 million TEUs of containers, representing 83% of Tanzania’s complete container quantity.CT2, geared up with 4 berths, boasts an annual dealing with capability of 1 million TEUs.
East Africa Gateway Limited (EAGL), a three way partnership involving AIPH, AD Ports Group, and East Harbour Terminals Limited (EHTL), with APSEZ because the controlling shareholder, will purchase a 95% stake in Tanzania International Container Terminal Services Limited (TICTS) from Hutchison Port Holdings Limited and Harbours Investment Limited for $39.5 million. TICTS, the present operator of CT2, will proceed managing the port’s gear and workforce beneath Adani’s management.
Karan Adani, Managing Director of APSEZ, expressed, “The partnership has the potential to enhance trade volumes and economic cooperation between India and East Africa. The concession for Container Terminal 2 aligns with APSEZ’s goal to become a leading global port operator by 2030.”


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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