Tanzania seeks new investor as China and Oman withdraw from Bagamoyo Port talks.

Tanzania seeks new investor as China and Oman withdraw from Bagamoyo Port talks.

The government is currently looking for potential investors to take up the Bagamoyo Port Project in the coastal region after China Merchants Holdings (International) Co Ltd (CMHI) and Oman Investment Authority (OIA0 both withdrew.

Although the government has shown zeal to revive the project, negotiation guidelines appear inadequate, despite President Samia often blaming top officials for dilly-dallying negotiations until they fire out and withdraw.

Traditionally the legislature and senior government officials blame foreign companies when there was a possibility of an accord being reached with either the Chinese as original bidders or the Omanis as a late entrant or even taking up the French offer into a discussion.

The tone of the minister of works and transport, Prof Makame, was that the government is opening the doors to interested bidders for the project, the previous discussions have failed.

However, the reasons that led both potential investors to withdraw were not disclosed, with the minister accentuating the need for more committed investors. They will be found to run the essential project in the country.