US$10 billion mega port planned north of Tanzanian capital of Dar es Salaam
China has announced plans for a new US$10 billion mega port in the Tanzanian town of Bagamoyo.
The new port, boasting an annual capacity of 20 million TEU, will not only become Africa’s largest box facility but will also rival the major ports of the Persian Gulf.
Dwarfing Tanzania’s current largest port in Dar es Salaam, which handles an estimated 800,000 TEU a year, the new port, northwest of the capital, will be used as a transhipment hub for raw materials coming in and out of landlocked Malawi, Zambia, Congo, Burundi, Rwanda,and Uganda.
China will also help to establish new road and rail networks in the area, whilst contributing to the upgrade of existing links.