africa Cement commodities construction development Economy FDI Government Tanzania

Tanzania government in talks with Sinoma and Hengya Cement to build US$1bn plant

Approximate reading time: 1 minute

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

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.