Tanzania, China Ink Port Development Deal

China is investing $10 billion to build a new port at Bagamoyo, a town northwest of Dar es Salaam, Tanzania’s capital city and improve infrastructure related to the port improvement and boost regional trade.

The new port will be able to handle 20 million cargo containers a year.

The current port facilities at Dar es Salaam can only handle 800,000 containers a year. New roads and railroads will connect to existing road and railroad networks, and these will also undergo upgrades.

This will make Tanzania the main port for raw materials coming out of and goods going into Malawi, Zambia, Congo, Burundi, Rwanda,and Uganda.

Bagamoyo will become the largest port in Africa and one of the biggest in the region (which includes the Persian Gulf).

[mappress]

Press Release, April 15, 2013