The Tanzania Port Authority (TPA) has revealed that preparations for the construction of Bagamoyo Port are underway.
TPA’s Director General Plasduce Mbossa said on Saturday that government will not have to wait further for investors to start the construction of the port.
Although, while Tanzania is looking for a strategic investor, the part of the mega project will be executed by the State.
“We will implement part of the project,” Mbossa said.
He reiterated that several multinational companies had shown interest in developing and operating the $10 billion (about Sh23 trillion) Bagamoyo port project.
Mbossa did not mention the names of companies on the grounds that they were still at the stage of preliminary engagement.
The DG said this at a meeting with stakeholders from the East Africa Business Council (EABC) who wanted to know the TPA’s plans geared to improve services delivery.
The TPA Boss said the authority plans to construct an oil terminal at Dar es Salaam Port which will cut down hours spent in the clearance of such consignments.
He told the EABC board delegation that the project is part of TPA’s strategic plans geared to improve service provision at the facility which serves various landlocked countries in Southern, central and East Africa.