29 Apr East Africa: Race to Modernise East Africa’s Marine Infrastructure Starts in Earnest
East African governments are betting on modernising their ports to ease transportation bottlenecks and compete for the regional maritime business.
On Monday, Tanzania announced that construction of the $10 billion Bagamoyo port begins in June, setting the pace of the country’s ambitious plan to have one of the most modern ports on the continent.
Kenya also announced that it had picked Toyo Construction Co Ltd of Japan for a $319 million Mombasa port container-terminal expansion project starting soon.
Djibouti, which has in the past three years inaugurated three new ports worth more than $650 million, had earlier announced that it was in talks with French shipping company CMA CGM to develop a $600 million new container terminal in its biggest port Doraleh, as seeks to become the region’s transport hub.