Adani Ports and Special Economic Zone on Friday said its wholly owned subsidiary Adani International Ports Holdings Pvt Ltd (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.
The Dar es Salaam Port is a gateway port with a well-connected network of roadways and railways, Adani Ports and Special Economic Zone (APSEZ) said in a statement.
East Africa Gateway Ltd (EAGL) has been incorporated as a joint venture of AIPH, AD Ports Group, and East Harbour Terminals Ltd (EHTL), the statement added.
APSEZ will be the controlling shareholder and will consolidate EAGL on its books, it said.
According to the statement, Container Terminal 2, with four berths, has an annual cargo handling capacity of 1 million twenty-foot equivalent units (TEUs) and managed 0.82 million TEUs of containers in 2023 -- about 83 per cent of Tanzania's total container volumes.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
Featured Video Of The Day
Adani Ports To Develop Berth At Gujarat's Kandla Port For Multi-Purpose Cargo In Teachers' Day Address, Gautam Adani Shares Story Of His "Karmabhoomi" Adani Ports Acquires 80% Stake In Astro Offshore For $185 Million "Sit Quiet": Bhavish Aggarwal As Kunal Kamra Flags Ola EV Issue Dinner With Kim Jong Un Or George Soros? S Jaishankar Was Asked. His Reply Egypt's Pyramids Built Using An Incredibly Clever Machine: Study Rajasthan Police Constable 2024 Computer Based Test Result Released Video Shows Pakistani Influencer Riding A Chained Tiger, Internet Is Angry EasyJet Flight Makes Emergency Landing After Passengers Brawl Mid-Air Track Latest News Live on NDTV.com and get news updates from India and around the world.