The government will any time from now start paying compensation of over
60bn/- to Kurasini residents to give way for construction of China-Tanzania
Logistic Centre scheduled to start early next year.
The Minister for Industry and Trade Dr Abdallah Kigoda said the
compensation exercise is scheduled for completion before the year end.
“The construction is set to follow thereafter and probably early next
year,” Dr Kigoda told the ‘Daily News’ at the sideline of opening of Stanbic
Kariakoo Sokoni branch on Tuesday.
The logistic hub has been necessitated following the increasing trading
turnover in Kariakoo market from traders coming from landlocked countries that
neighbor Dar es Salaam. Also at current situation, Kariakoo logistic and
infrastructure are not allowing expansion.
“This opportunity could not be let to pass away,” Dr Kigoda, an
economist, said. The construction of the Sino-Tanzania centre is planned to
cost 400 million US dollars (about 640bn/-) and some of the goods would be
assembled or manufactured at the hub.
Earlier reports show that the government’s agreement with China is to
construct the centre through joint venture (JV).
The JV is between Yiwu-Africa International Investment Corporation
representing the Chinese government and EPZA standing in for Tanzania
government.
The agreements include the construction of a state of the art platform
logistic centre at Kurasini in Dar es Salaam, which will be the regional
business hub serving Tanzania and neighbouring countries.
The hub’s construction is expected to be done in two phases. The first
phase for trading platform while the second comprises an industrial park for
value addition to agricultural produce, trading centres, wholesale markets,
warehouses, exhibition and conference centres.
The project which will also be known as the China-Tanzania Logistic
Centre will act as the envisaged business hub for East and Central African
countries.
Source: The Daily News, http://www.dailynews.co.tz, reported by Abduel Elinaza in Dar es Salaam
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