The port will have new roads, railways and the economic zone

Hu Jianhua, managing director of CMHI, said in a statement that the company would run Bagamoyo as one of its overseas ports.

"We shall compensate the people whose land was taken for the development of various business programs before completing the project," he said.

Stella Manyanya, an engineer and Tanzanian deputy minister for trade, industries and investment, says the project for a modern port is being carried out through collaboration between China and the State General Reserve Fund of Oman. She says she is optimistic that more than 190 industries will be set up in the Bagamoyo area, including a manure processing business that will be set up by the government of Oman.

"Once the port becomes operational, it will attract more investors who will help the country to attain its industrial economy agenda," says Manyanya.

"The strategy we have is that, by 2020, the Bagamoyo port should start offering services and receiving big cargo vessels."

The port and its industrial zone are designed to address congestion at the old port and support Tanzania to become East Africa's leading shipping and logistics center. The port is about 75 kilometers from the capital, Dar es Salaam, and 10 km from the town of Bagamoyo.

When the economic zone is fully developed, it will attract about 700 industries to become a strategic investment zone in East Africa.

CMHI says that among the projects envisioned for the zone are industrial parks worth $120 million and a $70 million tourism park, as well as free port facilities ($90 million), a free trade zone ($70 million), science and technology parks ($50 million), an international business center ($70 million) and industrial buildings ($20 million).

It is expected that, by 2025, Tanzania will realize its industrial economy agenda, with the Bagamoyo port incorporating proper infrastructure, including roads and electricity. A gas pipeline will cross over the port.

Initially, China and Oman signed a three-way partnership in 2013 that would have seen Tanzania get an undisclosed shareholding in the project, but the government was unable to raise $28 million to compensate landowners who were to be displaced by the project.

source:http://africa.chinadaily.com.cn/weekly/2017-11/10/content_34351800.htm