Adani Ports and Special Economic Zone (APSEZ) signed a 30-year concession settlement with the Tanzania Ports Authority to operate and handle Container Terminal 2 at the Dar es Salaam Port in Tanzania. File
| Photo Credit: ANI
Adani Ports and Special Economic Zone (APSEZ) on Friday stated its wholly owned subsidiary Adani International Ports Holdings Pte Ltd (AIPH) has signed a 30-year concession settlement with the Tanzania Ports Authority to operate and handle Container Terminal 2 at the Dar es Salaam Port in Tanzania.
The Dar es Salaam Port is a gateway port with a well-connected community of roadways and railways, APSEZ stated in an announcement.
East Africa Gateway Ltd (EAGL) has been included as a three way partnership of AIPH, AD Ports Group, and East Harbour Terminals Ltd (EHTL), the assertion added.
APSEZ would be the controlling shareholder and can consolidate EAGL on its books, it stated.
According to the assertion, Container Terminal 2, with 4 berths, has an annual cargo dealing with capability of 1 million twenty-foot equal items (TEUs) and managed 0.82 million TEUs of containers in 2023 — about 83% of Tanzania’s whole container volumes.
