Ahmedabad (Gujarat) [India], Adani International Ports Holdings Pte Ltd (AIPH) has entered into a 30-year concession agreement with Tanzania Port Authority to operate and manage Container Terminal 2 (CT2) at Dar es Salaa Port, Tanzania. The four-berth CT2, a wholly owned subsidiary of AIPH Adani Ports and Special Economic Zone, has an annual cargo handling capacity of 1 million TEU and will handle 0.82 million TEU containers in 2023, the company said in a statement. East Africa Gateway Limited (EAGL) was formed as a joint venture between AIPH, AD Ports Group and East Harbor Terminals Limited (EHTL), which is estimated to handle 83 percent of Tanzania's total container volume. APSEZ will be the main shareholder and will strengthen the financial position of EAGL.EAG has signed an agreement to acquire 95 per cent stake in Tanzania International Container Terminal Services Limited (TICTS) from Hutchison Port Holdings and Harbors Investment Limited for US$39.5 million. TICTS has all port handling equipment up and running. Workforce. According to the statement, Adani will manage Container Terminal 2 through TICTS, "Signing the concession for Container Terminal 2 at Dar es Salaam Port is in line with APSEZ's ambition to become one of the largest port operators globally by 2030 We are confident that with our expertise and network in ports and logistics, we will be able to increase trade volumes and economic cooperation between our ports and East Africa. Will make efforts,” said Managing Director Karan Adani Director, APSEZ APSEZ has evolved from a port company to an integrated transport utility providing end-to-end solutions from its port gate to customer gate.The company claims that it is the largest port developer and operator in India with 7 strategically located ports. Terminals on the west coast (Mundra Tuna, Dahej and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and 8 ports and terminals on the east coast of India (Haldia in West Bengal, Dhamra and Gopalpur in Odisha), Andhra Gangavaram and Krishnapatnam in the state, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry, the company said, representing 27 per cent of the total port volume in the country.