Industry, Trade and Investment minister Charles Mwijage says that senior officials from the Treasury and Tanzania Investment Centre (TIC) are finalising talks with China’s Sinoma and Hengya Cement about building a US$1bn cement plant in the Mkinga District, Tanga Region.
The discussions are focusing on incentives to be offered to the investors and the location of a jetty, according to the Citizen newspaper.
The plant will have an initial cement production capacity of 2.5Mt/yr with an eventual target of 7Mt/yr following further investment.
Future plans also include generating 1200MW of electricity at the site. The overall cost of the expanded project is forecast to be US$2bn.
Source: Global Cement