dysan1
June 14th, 2011, 04:01 PM
After many years of discussions and the relocation of the cities airport north of the city before the 2010 World Cup, a decision has finally been reached on the development of a dug out second port for the city. At R50 billion ($7.4 billion/E5.1 billion) for the first phase, it is going to be a massive undertaking, but very important for trade/transhipment growth in Durban.
Transnet to spend R50bn on first phase of dig out port
The port, on the site of the old Durban airport, will be equipped with 16 container berths built in four phases as well as five automotive berths and four bulk liquid berths in future phases.
LINDA ENSOR
Published: 2011/06/14 12:51:06 PM
Cape Town - Transnet plans to spend R50bn on the first phase of constructing a 'dig out' port on the site of the old Durban airport, group CEO of the parastatal, Brian Molefe said today.
The port would be equipped with 16 container berths built in four phases as well as five automotive berths and four bulk liquid berths in future phases. (Total of 25 berths)
Mr Molefe told parliament’s public enterprises committee that the first phase would consist of the construction of four container berths creating 2,4 million TEUs annually. Ultimately the container capacity at the dig out port will be 9,3-million TEUs.
"The cost for the first phase is in the region of R50bn which provides the platform for future expansion,' Mr Molefe said.
Transnet plans to spend R110,6bn on infrastructure in the next five years.
http://www.businessday.co.za/article...aspx?id=145830
Transnet to spend R50bn on first phase of dig out port
The port, on the site of the old Durban airport, will be equipped with 16 container berths built in four phases as well as five automotive berths and four bulk liquid berths in future phases.
LINDA ENSOR
Published: 2011/06/14 12:51:06 PM
Cape Town - Transnet plans to spend R50bn on the first phase of constructing a 'dig out' port on the site of the old Durban airport, group CEO of the parastatal, Brian Molefe said today.
The port would be equipped with 16 container berths built in four phases as well as five automotive berths and four bulk liquid berths in future phases. (Total of 25 berths)
Mr Molefe told parliament’s public enterprises committee that the first phase would consist of the construction of four container berths creating 2,4 million TEUs annually. Ultimately the container capacity at the dig out port will be 9,3-million TEUs.
"The cost for the first phase is in the region of R50bn which provides the platform for future expansion,' Mr Molefe said.
Transnet plans to spend R110,6bn on infrastructure in the next five years.
http://www.businessday.co.za/article...aspx?id=145830