Tanzania’s Bagamoyo Port: US$10 billion Construction underway
Tanzania’s Bagamoyo Port: US$10 billion Construction underway
Tanzania started construction work on a new $10 billion port aimed at transforming the country into the regional trade and transport hubby capitalising on growth and seeking to exploit new oil and gas discoveries.
The project is backed by China and Oman and marks the most significant event in Tanzania-China relations over the past four decades. It is expected to take ten years to complete, although the number of phases to be carried out, is unclear.
This project, in Bagamoyo will include roads as well as railway construction. It will be Tanzania’s biggest port and is predicted to be able to compete with Kenya’s port at Mombasa which holds the present status as the preferred trade and logistics hub in the region.
Tanzania’s Bagamoyo Port vs. Kenya’s Mombasa Port
Bagamoyo Port will have the capacity to handle 20 million containers per annum compared with Mombasa’s 600,000 containers per annum. It is no wonder that the Mombasa port Managers are showing great concern over port efficiency, due to capacity being a key factor in port efficiency!
Though small, construction at Bagamoyo port reflects China’s interest in shipping resources in Africa. China has had a longstanding relationship with Tanzania, which provides an ideal outlet for neighboring landlocked countries.
The Bagamoyo port will be able to handle mega-ships – with a container vessel size of 8 000 20-foot equivalent units (TEUs) – after the first phase was completed; and there’s room for expansion..
Is this a good initiative for Tanzania and Africa at large?
I think, yes!
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