Development partners have launched a US$596 million project aimed at improving operational efficiency of Dar es Salaam port.

The World Bank which has approved a US$400 million loan will partner with the UK’s Department for International Development (DFID), providing a grant of US$136 million and TradeMark Africa, an organization funded by a range of development agencies in East Africa, that has made a commitment of US$60 million.

CMA CGM said the project is a Tanzania Ports Authority plan which was a response to the east African nation’s Big Results Now (BRN) initiative aimed at generating capacity to cater for the impending traffic growth at the port.

Phase 2, which is funded by the World Bank and DFID, aims to dredging the port and modernize berths to allow the handling of bigger vessels. Doing so will significantly increase throughput.

Source: Dredging News Online

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