AVZ 0.00% 78.0¢ avz minerals limited

Port upgrade in Tanzania to benefit AVZ... Tanzania and a...

  1. 171 Posts.
    lightbulb Created with Sketch. 80
    Port upgrade in Tanzania to benefit AVZ...


    Tanzania and a strategic level of national engineering flowers Chinese enterprises

    2017-07-06 With a way to participate in high-profile July 2 Tanzania, Dar es Salaam Port 1-7 berth expansion project groundbreaking ceremony held in Hong Kong, Tanzanian President Ma Gufu force, the World Bank Tanzania director Bird, China Chamber of Commerce, chief representative of Lin Zhi Director of the Ministry of Transport and Communications Mbla Lava, General Manager of China Harbor Tanzania Branch Xu Xinpei, Tanzania Port Authority and other major leaders and more than 10 countries of the diplomatic envoys to attend the ceremony. After the completion of the project, will greatly improve the throughput capacity of Hong Kong to promote Tanzania economic development.




    At present, the port of Dar es Salaam is Tanzania's main maritime channel, to complete Tanzania, about 90% to 95% of the import and export freight. Delta is also a maritime import and export gateway to landlocked countries including Malawi, Zambia, Congo, Rwanda, Burundi and Uganda.


    Most of the berths of No. 1 - No. 7 are built in the 1950s and 1970s. The service life is too long. There is a lack of effective maintenance. There is a lot of safety hazards in the surface of the terminal. Pier front water depth is limited, berthing capacity is insufficient, can only berthing less than 20,000 tons of ships. With the development of Tanzania's economy, the port throughput continues to increase, the terminal is in the overload operation state, the port existing berth has been unable to meet the further development of modern logistics needs, lack of scale, but also led to the loss of the hinterland market.


    To this end, China Harbor Tanzania Company through the tender, and the Tanzania Port Authority signed a total investment of $ 154 million berth expansion project, duration of 36 months, mainly funded by the World Bank.


    At the groundbreaking ceremony, Ma Gufu force expressed great importance to this state-level project,



    President Margaret said


    "The expansion and modernization of the port will greatly enhance the throughput capacity of the port, thereby enhancing the capacity of the government to build development projects and the ability to provide public services to Tanzania." I am on the Tanzanian Port Authority and the Ministry of Construction, Communications and Communications Start the project to commend.


    Earlier, Kenya and Tanzania on East Africa's first sea of contention intensified. In recent years, the inefficiencies and corruption of Hong Kong have left a large number of customers, and the gap with the port of Mombasa is gradually widening. Ma Gufu force came to power, repeatedly in the speech to urge Hong Kong to improve efficiency and eliminate corruption. As one of the major ports in East Africa, Tanzania will undoubtedly hope that Hong Kong will play a greater role in the entire regional economy.


    The expansion of the berth to upgrade, to express the determination of the Tanzania side.



    President Margaret has a good mood


    In his speech, Maguire said that the project would not only benefit Tanzania, but would also benefit landlocked neighbors such as Rwanda, Zambia, Burundi, Uganda, Malawi and Congo (DRC). Not only that, in the Tanzanian government's standard railway design and planning, 90% of the cargo exports will be achieved through the port. The president said optimistically that the completion of the project would boost the economic development of the SADC population of the TAC and the 400 million people.



    Port Authority staff brief introduction of the project


    The Bank's operations in Tanzania, Malawi, Burundi and Somalia, Bella Bird, said that improving the operational capacity of Hong Kong will promote trade and employment creation in the region while reducing the cost of single- 400 yuan.


    2015 throughput of 13.8 million tons in Hong Kong, 2016 to 14 million tons this year is expected to 18 million tons. The World Bank hopes that after the completion of the renovation project, the time of stay in Hong Kong will be reduced from 80 hours to 30 hours, and the throughput in the seven years will reach 2,500-2800 million tons, which is now double.


    On the financial side, the World Bank provided $ 345 million in grants and over $ 10 million in grants from the Tanzanian government, and the Tanzanian government injected $ 65 million into the Port Authority.


    China Harbor Tanzania Branch said that in addition to the Hong Kong 1-7 berth upgrade to 70,000-ton berths, to strengthen the handling capacity of large ships, but also will build a 30,000-ton ro-ro berth.


    In the Tanzan government project planning, will also reach Hong Kong 8-11 berths to upgrade, the construction of supporting railway facilities, and the port of dredging and a series of optimization and upgrading. The success of the China Harbor to undertake the first phase of the project, Chinese enterprises will also undertake follow-up projects to form a good demonstration effect.


    Project contract review:


    China Harbor signed $ 154 million to help Tanzania to expand the capital port

    According to foreign media reports, the Tanzanian government on the 10th with the Chinese state-owned China Harbor Engineering Co., Ltd. signed a contract worth $ 154 million to expand the capital of Dar es Salaam's important port.

      According to Reuters reported on June 10, Tanzania is raising funds for some infrastructure projects. This is part of its plan to become a regional transport and trade center.

      Under the contract, China Harbor Construction Company Limited, a subsidiary of China Communications Construction Co., Ltd., will build a ro-ro terminal in Dar es Salaam and strengthen and reinforce seven berths. The contract is financed by a loan from the World Bank.

      Tanzania hopes that by 2020, the expansion of the port will increase its container throughput from the current average of about 20 million tons to 28 million tons.

      Tanzania Minister of Engineering, Transport and Communications "Deepening and strengthening these berths will allow large container ships to be docked in Dar es Salaam, all of which are designed to increase the competitiveness of the port," he said at the signing of the contract.

      Reported that Tanzania is the second largest economy in East Africa. It hopes to profit from its long coastline and upgrade its railways and highways to support economic growth.

      Tanzania found large-scale natural gas fields, while oil was found in Kenya and Uganda. This makes East Africa a hot spot for oil companies. However, the transport infrastructure in these countries has faced underdevelopment for decades.

      Tanzania said in January that it would receive a $ 305 million loan from the World Bank to expand its main port.
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.