World Bank Provides US$345 Million Loan for Port of Dar es Salaam Upgrades

TLDR

• The World Bank has provided a US$345 million concessional loan for the first phase of the Port of Dar es Salaam improvement programme.
• The investment has increased the port's cargo-handling capacity from 14 million tonnes in 2015/16 to 32.8 million tonnes projected for 2025/26.
• Implementation of the project has reached 85 percent completion, according to the Tanzania Ports Authority Director General Plasduce Mbossa.
• The improvements aim to reduce the time ships spend at the port and enhance the overall business environment for importers and exporters.
• The Port of Dar es Salaam serves as a crucial entry and exit point for goods destined for several neighboring countries, including DR Congo, Burundi, Rwanda, Uganda, Zambia, and Malawi.