{UAH} Magufuli Cancels Predatorial Chinese Port.

President Magufuli has indefinitely suspended plan to construct Ksh 1T Bagamoyo port which would have dwarfed our Mombasa port. 

He says, the terms under which Chinese wanted to build the port, even a mad man would not accept them. He has asked them to build it in china under those terms. 

The deal to build the port had been signed by the former president Kikwete in 2013.

Parts of the Chinese demand were:

>> Own and operate the port for 32 years.

>> That Tanzania Revenue Authority should keep off from port operations.

>> That they should own the land on which the port stands for 99 yrs.

>>That they can start other companies within the port's land without interference from the government.

>> That TZ should not develop any other port to compete with Bagamoyo.

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