Tanzania to keep Adani container terminal deal, official says
Tanzania entered into a 30-year concession agreement with Adani Ports, a unit of Adani Group, to operate a container terminal in its Dar es Salaam port, known as Container Terminal 2.
Tanzania plans to honour its contracts with an Adani Group unit despite a US indictment of its billionaire chairman Gautam Adani on accusations of bribery and fraud, a senior official at the ports authority said.
Adani wasindicted for fraud last week and arrest warrants were issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani Group has denied the accusations.
