India’s largest commercial ports operator Adani Ports and Special Economic Zone Ltd (APSEZ) is said to be close to winning the rights to develop and run some cargo berths at Tanzania’s main port of Dar es Salaam as billionaire Gautam Adani emerges from the Hindenburg episode to make his first major acquisition and the third overall globally by his port’s unit in recent years, multiple sources said.
ET Infra could not ascertain the value of the deal that will put APSEZ firmly on course to reach its goal of becoming the world’s largest port operator by 2030.
Tanzania Ports Authority (TPA), the state-owned entity that oversees ports in the East African nation, is expected to announce the winner, in the next few days, of a dual tender to privatise Dar es Salaam Port, which handles some 95 percent of that country’s international trade.
APSEZ, according to a source briefed on the matter, is said to have teamed up with Abu Dhabi Ports Group to place a joint bid for some break bulk/dry bulk and container berths at Dar es Salaam Port – the main gateway to Tanzania’s hinterland and the Great Lakes region.
The port also plays a major role in supporting the economies of the neighbouring landlocked countries of Zambia, Democratic Republic of Congo, Burundi, Rwanda, Malawi, Uganda, and Zimbabwe.
Besides, the port is strategically located to serve as a freight link to and from East and Central Africa countries as well as to Middle and Far East, Europe, Australia, and America.