MSC’s Africa Global Logistics investing in Tanzania port

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MSC subsidiary Africa Global Logistics (AGL) has signed a Memorandum of Understanding with the Tanzania Ports Authority (TPA) as a construction partner for the new port of Bagamoyo (Mbegani).The MoU covers the building of three new berths of the 28 planned for the development of the new port which is expected to be carried out in three phases, of which the first starting next year. Under the agreement, TPA awarded AGL the rights to design, construct and operate the initial three berths at the Bagamoyo Port.“We expect construction of the three new berths at Bagamoyo to begin early January,” said Plasduce Mbossa, TPA’s Director General. “We welcome more local and international investors to join the project, which aims to bring major transformation to port operations in Tanzania.”The investment planned for the entire project amounts to $2.1 billion. According to the expected, the three new docks will be designed and built over three years.AGL has become increasingly being involved in port expansion projects across Africa, including in countries such as the Republic of Congo, Angola, Namibia and Ivory Coast. With the investment in Tanzania, AGL has said that it will further unlock its access to multiple African markets based on the strategic location of Bagamoyo port in the Indian Ocean.

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