Home » Adani Ports Signs 30-Year Concession for CT2 at Dar es Salaam Port
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Adani Ports Signs 30-Year Concession for CT2 at Dar es Salaam Port

Key Takeaways 

New Market Entry: Marks Adani Ports’ entry into Tanzania.
Capacity: CT2 has a capacity of 1 million TEUs, handling ~83% of Tanzania’s container volume.
Strategic Location: Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways.
Investment: Adani Ports-led consortium will acquire the project company in Tanzania, including port handling equipment and employees, for USD 39.5 million.

Ahmedabad / Abu Dhabi: Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 (CT2) at Dar es Salaam Port in Tanzania. This move marks Adani Ports’ first venture into Tanzania.

Dar es Salaam Port Overview:
CT2, with its four berths, boasts an annual cargo handling capacity of 1 million TEUs. In 2023, the terminal managed 0.82 million TEUs, which is approximately 83% of Tanzania’s total container volume. The port is strategically located with a well-connected network of roadways and railways, enhancing its status as a vital gateway port.

Consortium and Acquisition Details:
East Africa Gateway Limited (EAGL) has been formed as a joint venture comprising AIPH, AD Ports Group, and East Harbour Terminals Limited (EHTL). APSEZ will be the controlling shareholder, consolidating EAGL on its books. EAGL has signed a Share Purchase Agreement to acquire a 95% stake in Tanzania International Container Terminal Services Limited (TICTS) from Hutchison Port Holdings Limited and its affiliate, Hutchison Port Investments Limited, and Harbours Investment Limited. The purchase consideration is USD 39.5 million. TICTS owns all the port handling equipment and employs the necessary manpower. Adani will operate CT2 through TICTS.

Strategic Vision:
Karan Adani, Managing Director of APSEZ, expressed confidence in the project, stating, “The signing of the concession for Container Terminal 2 at Dar es Salaam Port aligns with APSEZ’s ambition of becoming one of the largest port operators globally by 2030. With our expertise and network in ports and logistics, we aim to enhance trade volumes and economic cooperation between our ports and East Africa. Our goal is to transform Dar es Salaam Port into a world-class port.”

This strategic move by Adani Ports is expected to boost trade volumes and strengthen economic ties between East Africa and global markets, contributing to the overall development of the region.

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