Tanzania plans to boost its cargo volumes by 40 percent over 2013’s levels through the country’s main Dar es Salaam port as part of a greater plan to become East Africa’s transport hub, reports the East African press.
According to TradeMark East Africa (TMEA), Tanzanian President Jakaya Kikwete said at the Reuters Africa Investment Summit: “If we invest in logistics centres, improve on infrastructure and create a facilitative environment, we can easily turn Dar es Salaam into another Dubai of its kind.”
A Ventures Africa article quoted the president as saying that red tape was holding back the progress of the project by China Merchants Holdings (International) Co which has been appointed to build a new port, special economic zone and railway network at Bagamoyo, 75 km north of Dar es Salaam. The project would cost more than US$10 billion.
Tanzania sets its sights on becoming EA’s logistics hub
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