Largest container depot plans 60bn/- reinvestment in 2016

By Getrude Mbagot

TICTS Chief Executive Officer, Paul Wallace

 The Tanzania International Container Terminal Services (TICTS) plans to invest at least 60bn/- next year for port facility expansions including purchase of two new cranes to cope with increasing cargo traffick at the Dar es Salaam Port.

 

Speaking with reporters during the TICTS Family Day yesterday in Dar es Salaam, TICTS Chief executive Officer Paul Wallace said buying of the two new cranes and improving the general port infrastructure is part of the firm’s long term investment plans.

 

“The main challenge we see is the increasing number of containers and to cope with the changing business environment, we are working hard to continue investing in infrastructure and technology,” he said.

 

Wallace said investment is part of the firm’s commitment to moving ahead and strengthen its role as the country’s premier maritime gateway to Eastern, Central and Southern Africa.

 

“TICTS will continue to invest in and upgrade facilities to meet the needs of our operations and to facilitate increase in trade,” he said.

He also commended efforts by the new government in ensuring public resources are used for the nation’s development. 

 

“We have to make sure that people are paying tax, Tanzania is a very rich country,  what it needs is organisation so it is very encouraging to see the president taking action to increase revenue collection and improve the public sector in general,” he said

 

TICTS Industrial Relations Manager Fredrick Mushi assured customers that TICTS is there to serve them and cited improved security at all its ports.

 

Handling more than 75 per cent of Tanzania’s cargo containers, TICTS is the largest container terminal and a vital part of the supply chain to and from the country across Eastern, Central and Southern Africa