Over nine years in the making, Tanzania’s Bagamoyo port project has hit yet another new phase in the efforts to bring the project to market.
This latest phase, according to informed sources, is to seek multiple investors for different components of the project as opposed to one major investor. In the latter respect, China Merchants Holdings held extensive discussions with the Tanzanian authorities about the project but these ultimately have come to nothing, although it is not known whether China will seek reengagement under this new format.
The discussions with China Merchants Holdings concluded in mid-2022 – it is not yet known how the project will be marketed to an array of investors.
