The Export Processing Zone Authority (EPZA) and Tanzania Ports Authority (TPA) have entered into an agreement that will see the development of 10 hectares in the Mtwara Freeport zone.
This agreement is the first phase in the development of 110 hectares of Mtwara Freeport area that has been designated by the government for investment purposes.
Specifically, the 10 hectares will be developed into what is called Oil Field Supply Base, where various companies will be allocated land to set up infrastructure needed to service companies now engaging in oil and gas exploration in Mtwara Region.
This Oil Field Supply Base is envisioned to be the first and a unique one not only in Tanzania, but for the East and Southern African countries.
The milestone agreement was signed at the weekend in Dar es Salaam by the EPZA Director General Dr Adelhelm Meru and the TPA Ag Director General, Eng. Madeni Kipande and witnessed by the Minister for Transport Dr Harrison Mwakyembe and the Deputy Minister, Ministry of Industry and Trade, Mr Gregory Teu.
Speaking during the event, Dr Mwakyembe said the development had marked the beginning of an opportunity for companies from all over the world to come and invest in Mtwara Region to serve firms now engaging in oil and gas exploration in Mtwara and Eastern and Southern Africa region as well.
The minister said several multinational companies were ready to invest in the area and urged concerned authorities to speed up necessary preparations needed for the companies that would request to invest in the area.
“I urge all authorities to finalise necessary preparations so that investors can start their work,” he said.
Source: The Citizen, reported from Dar es Salaam, Tanzania
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