Adani Ports Secures 30-Year Deal to Operate Tanzania’s Key Container Terminal

Adani Ports and Special Economic Zone Ltd. (APSEZ), making a significant advancement in its global expansion efforts, has secured a 30-year concession agreement through its subsidiary, Adani International Ports Holdings Pte Ltd. (AIPH), which will operate and manage Container Terminal 2 (CT2) at the Dar es Salaam Port in Tanzania. This landmark agreement with the Tanzania Ports Authority signifies Adani Ports’ entry into Tanzania and underscores its ambition to become one of the largest port operators globally by 2030.

Dar es Salaam Port, a pivotal gateway port in East Africa, is renowned for its well-connected network of roadways and railways. The agreement reflects Adani Ports’ strategic vision to expand its footprint in key regions with high growth potential. CT2, with its four berths, has an annual cargo handling capacity of 1 million twenty-foot equivalent units (TEUs), making it a crucial hub for trade in the region.

East Africa Gateway Ltd. (EAGL) has been incorporated as a joint venture of AIPH, AD Ports Group, and East Harbour Terminals Ltd. (EHTL). APSEZ will be the controlling shareholder and will consolidate EAGL on its books.

In 2023, CT2 managed 0.82 million TEUs of containers, accounting for approximately 83% of Tanzania’s total container volumes. This highlights the port’s significance in facilitating trade and economic activities in the region. Adani Ports aims to leverage its expertise and network in ports and logistics to enhance trade volumes and economic cooperation between its ports and East Africa.

As part of the agreement, the Adani Ports-led consortium, East Africa Gateway Ltd. (EAGL), will acquire the project company in Tanzania for USD 39.5 million. This company houses all port handling equipment and employees, ensuring a seamless transition of operations. Adani Ports will consolidate EAGL on its books, with APSEZ being the controlling shareholder.

“The signing of the concession for Container Terminal 2 at Dar es Salaam Port is in line with APSEZ’s ambition of becoming one of the largest port operators globally by 2030. We are confident that, with our expertise and network in ports and logistics, we will be able to enhance trade volumes and economic cooperation between our ports and East Africa. We will strive to transform Dar es Salaam Port into a world-class port,”

Karan Adani, Managing Director of APSEZ

APSEZ, part of the Adani Group, is the largest port developer and operator in India, with seven strategically located ports and terminals on the west coast and eight on the east coast of India. APSEZ is also developing a transshipment port at Colombo, Sri Lanka, and owns the Haifa Port in Israel. The company’s vision is to be the largest port and logistics platform in the world within the next decade.

With a commitment to turning carbon neutral by 2025, APSEZ has signed up for the Science-Based Targets Initiative (SBTi), aligning with emission reduction targets to control global warming.

This agreement marks a significant milestone for Adani Ports as it expands its global presence and strengthens its position as a leading port operator and logistics provider.

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