Coco Beach to undergo 6bn/- facelift

Coco beach dar es salaam

 The popular Coco Beach along the Msasani peninsula in Dar es Salaam is to undergo a major facelift to make one of the important city’s tourist destinations.

 

The 6bn/- upgrading project is to be fitted with designed plots and commercial malls.

 

However, with the proposed development being implemented by the Kinondoni municipal council, Coco beach will remain a free open space to the public. 

The beach is expected to boost the municipal’s annual revenue collections to over 17bn/- to be channeled to various developmental projects within Kinondoni District.

 

The project will run from the Lighthouse area in Masaki to the Sea Cliff hotel parking lot.

 

Kinondoni municipal council Director Eng Mussa Natty told newsmen over the weekend that the project will be implemented by the municipal in partnership with TIB Development Bank.

 

Eng Natty said so far the project is progressing well. He said its implementation will kick off anytime from now pending approval from the Ministry for Lands, Housing and Human Settlements Development.

 

He said the United Capital Development Fund (UNCDF) and National Housing Cooperation (NHC) have initially funded the project during concept designing and master plan development.

 

Detailing, he said the concept design and master plan has cost 260m/- that was provided by TIB Development Bank (86m/), National Housing Corporation (86m/-), Kinondoni municipal council (65m/-) and remaining from the United capital development Fund (UNCDF). 

 

He called on interested investors who are keen to develop various business outlets at the area to get organised and apply for the opportunities as soon as they advertise them.

 

“Tourism is one of the most important and fastest growing industries in the world. It is an integral part of economic development policies in both developed and developing nations. It attracts foreign exchange, generate economic growth, creating jobs and diversifying the economy,” he said.

 

He gave an example of Durban that has long earned its prime position as one of South Africa’s most popular year-round tourist destination due to its expansive beaches, Warm Ocean, sunny climates, rich and diverse cultural heritage. 

 

“It is claimed that Durban offers international and domestic tourists unique environmental assets, exciting waterfront developments, impressive conference facilities, sporting and other major events due to its beaches,” he added.

 

For his part, TIB Development Bank Managing Director, Peter Noni said the Bank will finance development of necessary infrastructure through its Corporate Social responsibility (CSR). He said the funds will be raised from its partners.

 

“Our role is to maintain and strengthen support towards the attainment of Tanzania’s Development Vision 2025, which aims at transforming the country into semi-industrialised economy.

 

He said the revamp of Oysterbay beach will eventually improve the livelihood of Tanzanians due to the revenues and employment opportunities to be created from the area.

SOURCE: THE GUARDIAN