Adani Ports Subsidiary Wins Deal with Tanzania Port Authority

On Friday, May 31, Adani Ports and Logistics announced via a press release that Adani International Ports Holding Pte. Ltd (AIPH) secured a contract with the Tanzania Port Authority to operate and manage the container terminal at Berth 2 of the Port of Dar es Salaam.

AIPH, a subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has entered into a 30-year concession agreement with the Tanzania Port Authority for the operation and management of Berth 2 at the container terminal in Dar es Salaam, Tanzania.

East Africa Gateway Limited (EAGL) is a joint venture established by AIPH, AD Ports Group, and East Harbour Terminal Limited (EHTL). APSEZ is the primary shareholder of EAGL and will incorporate it into its financial statements. 

EAGL has entered into a Share Purchase Agreement worth $39.5 million with Hutchison Port Limited and Harbour Investment Limited to acquire a 95% stake in Tanzania International Container Terminal Service Limited (TICTS).

TICTS currently employs the port workers and owns all the equipment at Dar es Salaam. Following the acquisition, Adani will manage Berth 2 at the container terminal through TICTS.

The Managing Director of APSEZ highlighted that operating and managing Berth 2 at the Port of Dar es Salaam’s container terminal aligns with their goal to become one of the world’s largest port operators by 2030. He also mentioned that APSEZ’s extensive network and expertise in port and logistics will help boost trade volume and economic cooperation between Adani ports and East Africa.

Dar es Salaam serves as a key gateway with an extensive network of roads and railways. The container terminal at Berth 2 comprises four berths with an annual capacity of 1 million TEU. In 2023, Berth 2 handled 0.83 million TEU of containers.