In a move aimed at enhancing efficiency and competitiveness, the government of Tanzania has announced its intention to seek a competent global investor to oversee the operations of the country’s major port, Dar es Salaam. The Minister of Works and Transport, Makame Mbarawa, revealed the plan during a parliamentary session on Tuesday evening.
Minister Mbarawa emphasized that the preferred investor must meet international standards to ensure the port’s increased competitiveness. Addressing concerns raised by Members of Parliament earlier in the day, who advocated for privatising the port’s operations to improve efficiency, Mbarawa affirmed the government’s commitment to finding a suitable investor capable of meeting various key criteria.
“We want the investor to meet international standards for the port to be more competitive, come up with a permanent solution on cargo shipping from point of origin to the client, as well as be able to address cargo clearance challenges,” stated Minister Mbarawa during his budget estimates presentation for the upcoming financial year of 2023/2024.
Highlighting the prerequisites for potential investors, Mbarawa stressed that the selected company should possess extensive experience in the shipping industry, a robust network, and the ability to secure new markets. He also emphasized the necessity of finding a permanent solution to cargo shipping challenges, emphasizing the importance of seamless transportation from the point of origin to the client.
Mbarawa further noted that engaging the private sector in port operations is becoming increasingly prevalent worldwide, with numerous countries successfully partnering with private companies to run their ports. Assuring the public, he expressed Tanzania’s readiness to embrace private sector involvement, citing the accomplishments achieved by other nations.
The decision to attract a competent global investor is part of Tanzania’s broader strategy to modernize and optimize the operations of Dar es Salaam port, which is a vital gateway for international trade and a significant driver of the country’s economy. By incorporating private sector expertise, the government aims to enhance efficiency, improve services, and stimulate growth in the maritime sector.
The acquisition process for the investor will begin soon, and the government will carefully evaluate interested parties to ensure the selected investor aligns with Tanzania’s aspirations for a competitive and thriving port. With the potential for increased investment and expertise, Tanzania’s Dar es Salaam port looks set to embark on a new chapter of growth and efficiency, benefitting both domestic and international trade.