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Sector
Tourism – tour and travel operator.
Company
Cordial Tours and Travel Services Limited
P.O. Box 1679
Dar es Salaam
Tel: 255 22 213 6259, 255 74 427 0784, 255 74 408 5455
Fax: 255 22 213 7097
Email: cotcord@intafrica.com
Website: www.cordialtours.com
Please Contact
Mr. Abdallah S. Mohando
General Manager
Core Business Activity
Tour operators and travel service provider.
Company Description
Since its formation in 1986, Cordial Tours and Travel Services Limited (CTTS) has strategically grown from providing car-rental services to a dependable tour and travel services provider, including holiday planning.
CTTS is a member of IATA since 1992 and is equipped with modern information and communication technology systems using the Galileo system to facilitate hotel and travel reservations. CTTS has representation in Kenya, Uganda and Zanzibar including business agents in the UK, Germany, Italy, Sweden, France, Japan and Russia. Over the past three years, the CTTS annual turnover has grown to over US$ 3 Million.
Proposed Project Status
Expansion project.
Proposed Project Description
CTTS would like to expand its tours and travel operations by investing in new fleet of safari vehicles, and construction of four new tourist lodges. In addition, CTTS would also construct new apartments and recreational facilities at Mbezi beach in the outskirts of Dar es Salaam.
In addition to other strengths, CTTS posses TIC certificate of incentives which provides certain tax incentives and benefits.
Project Cost and Financing
The estimated project cost is US$ 4.3 Million, of which 74% would be financed by debt and the rest by equity. CTTS invites offers from financial institutions and strategic partners. The new project has a before-tax IRR of 42.4%
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