{"id":472466,"date":"2021-06-28T10:36:17","date_gmt":"2021-06-28T10:36:17","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=472466"},"modified":"2021-06-28T10:36:17","modified_gmt":"2021-06-28T10:36:17","slug":"tanzania-plans-to-relaunch-its-10-billion-port-project","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/06\/28\/tanzania-plans-to-relaunch-its-10-billion-port-project\/","title":{"rendered":"Tanzania plans to relaunch its $ 10 billion port project"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Tanzanian President Samia Suluhu Hassan announced on June 26, 2021, her government&#8217;s decision to restart talks on the implementation of several projects aimed at accelerating the country&#8217;s economic growth. Among them, that of the port of Bagamoyo, a seaside resort located 75 km north of Dar-es-Salaam, the economic capital.<\/p>\n<p>This is, in fact, a project to build a port and a special economic zone for which contracts have been signed since October 2015 with China Merchants Holdings International. But it was canceled by the administration of former President John Magufuli, in 2016, with the aim of renegotiating the contractual terms, as part of a series of renegotiations of important agreements concluded during the reign. of its predecessor Jakaya Kikwete with foreign investors in the fields of mining, natural gas, telecommunications and infrastructure.<\/p>\n<p>Three years later, John Magufuli formally canceled the project, the funding of which was set at USD 10 billion, accusing the Chinese side of presenting &#8220;abusive&#8221; conditions. \u201cThe terms they gave us were not commercially viable. We told them no, \u201dsaid Tanzanian Port Authority (TPA) director general Deusdedit Kakoko, who complained to the Chinese port operator.<\/p>\n<p>&#8220;This project is a purely commercial investment project, and China Merchants Holdings has always followed the principles of commercial feasibility and win-win cooperation in its investments abroad,&#8221; said the Chinese group.<\/p>\n<p>Note that the first phase of the project was to be completed in 2017 under the terms of the contract signed in 2015 between the Tanzanian government, China Merchants Holdings International and the General Reserve Fund of the State of Oman (SGRF). His forecast would make the platform the largest port in East Africa.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Tanzanian President Samia Suluhu Hassan announced on June 26, 2021, her government&#8217;s decision to restart talks on the implementation of several projects aimed at accelerating the country&#8217;s economic growth. Among them, that of the port of Bagamoyo, a seaside resort located 75 km north of Dar-es-Salaam, the economic capital. This is, in fact, a project<\/p>\n","protected":false},"author":536282,"featured_media":472467,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[15176,12026,12036],"tags":[19186,19185,19187,12869],"class_list":{"0":"post-472466","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-infrastructure","8":"category-merchant-navy-fisheries","9":"category-sectors","10":"tag-10-billion","11":"tag-plans","12":"tag-port-project","13":"tag-tanzania","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tanzania plans to relaunch its $ 10 billion port project - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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