Plans to Strengthen the Central Corridor for Economic Growth Discussed

TLDR

• The World Bank has praised Tanzania's progress in upgrading the Port of Dar es Salaam, highlighting its role in strengthening trade and reducing logistics bottlenecks.
• World Bank Vice President Dr. Ndiame Diop visited the port to assess improvements supported by a US$345 million concessional loan for the first phase of the port improvement program.
• The Tanzania Ports Authority reported that the implementation of the project has reached 85%, significantly increasing the port's cargo-handling capacity from 14 million tonnes in 2015/16 to 32.8 million tonnes in.
• Plans are underway to strengthen the Central Corridor, transforming it from a transport route into a broader economic corridor to enhance regional trade.
• The improvements at the port are expected to facilitate faster movement of goods, lower costs associated with delays, and improve the reliability of trade routes for Tanzania and its neighboring countries.