Adani Ports secures concession to operate Dar es Salaam Container T2
PORTS & SHIPPING

Adani Ports secures concession to operate Dar es Salaam Container T2

Adani International Ports, a subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has secured a 30-year concession to operate Container Terminal 2 (CT2) at Dar-es- Salaam Port, marking its entry into Tanzania's port sector. The strategic move underlines APSEZ's commitment to global expansion and leadership in the port and logistics industry. CT2, comprising four berths with an annual cargo handling capacity of 1 million TEUs, is a crucial gateway with extensive road and rail networks. In 2023, it handled 0.82 million TEUs, representing 83% of Tanzania's total container volumes. To facilitate operations, East Africa Gateway Limited (EAGL), a joint venture involving AIPH, AD Ports Group, and East Harbour Terminals Limited (EHTL), has been formed. EAGL, with APSEZ as the controlling shareholder, will consolidate operations under APSEZ's financial statements. Additionally, EAGL has entered into a Share Purchase Agreement to acquire a 95% stake in Tanzania International Container Terminal Services Limited (TICTS) from Hutchison Port Holdings Limited for $39.5 million. TICTS, owning port handling equipment and manpower, will be Adani's operational arm at CT2. Karan Adani, Managing Director, APSEZ, expressed confidence in enhancing trade volumes and economic cooperation between ports and East Africa, aiming to transform Dar-es- Salaam Port into a world-class facility. This strategic move reaffirms APSEZ's commitment to global expansion and leadership in the port and logistics sector. (Source: ET Infra)

Adani International Ports, a subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has secured a 30-year concession to operate Container Terminal 2 (CT2) at Dar-es- Salaam Port, marking its entry into Tanzania's port sector. The strategic move underlines APSEZ's commitment to global expansion and leadership in the port and logistics industry. CT2, comprising four berths with an annual cargo handling capacity of 1 million TEUs, is a crucial gateway with extensive road and rail networks. In 2023, it handled 0.82 million TEUs, representing 83% of Tanzania's total container volumes. To facilitate operations, East Africa Gateway Limited (EAGL), a joint venture involving AIPH, AD Ports Group, and East Harbour Terminals Limited (EHTL), has been formed. EAGL, with APSEZ as the controlling shareholder, will consolidate operations under APSEZ's financial statements. Additionally, EAGL has entered into a Share Purchase Agreement to acquire a 95% stake in Tanzania International Container Terminal Services Limited (TICTS) from Hutchison Port Holdings Limited for $39.5 million. TICTS, owning port handling equipment and manpower, will be Adani's operational arm at CT2. Karan Adani, Managing Director, APSEZ, expressed confidence in enhancing trade volumes and economic cooperation between ports and East Africa, aiming to transform Dar-es- Salaam Port into a world-class facility. This strategic move reaffirms APSEZ's commitment to global expansion and leadership in the port and logistics sector. (Source: ET Infra)

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000