The Tanzania International Container Terminal Services (TICTS) announced an investment plan of TZS 30 Billion for 2015 to increase cargo capacity at Dar Es Salaam port.
Paul Wallace, Chief Executive Officer of TICTS indicated that two new cranes would be introduced within the next 12 months.
TICTS facility is currently handling around 500,000 twenty-foot equivalent units (TEUs) per year and the number has been growing at around 10% each year, Mr Wallace explained.
The CEO also indicated that TICTS will invest between USD 300 million and USD 400 million in the next five years to accompany the expected growth brought it by the new central corridor.
TICTS is the largest container terminal in Tanzania, handling more than 75% of Tanzania’s trade and serves as a vital part of the supply chain to and from Tanzania and the neighboring countries in Eastern, Central and Southern Africa.
