Port of Dar es Salaam Upgrade

Objective

"In 2022 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, connecting Tanzania and the wider region to global markets. DP World will initially invest more than $250M to upgrade the port and the investment could increase to $1BN during the concession period, alongside hinterland logistics projects. This is the first phase of a multi-phase investment plan"

Description

The port of Dar es Salaam is the largest and most important port in Tanzania. It handles over 90% of the country’s cargo. It is an important gat way for cargo for the landlocked countries such as Rwanda, Burundi, Democratic republic of Congo, Zambia, Malawi and Uganda.

History

Dar es Salaam port is the Tanzania principal port with a rated capacity of 14.1 million (MT) dry cargo and 6.0 million (MT) bulk liquid cargo. The Port has a total quay length of about 2,600 metres with eleven deep-water berths. Dar es Salaam port handles about 95% of the Tanzania international trade.

Finance