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#Durban DigOut Port

93K views 379 replies 35 participants last post by  romanSA 
#1 ·
We know KSIA will be the new airport and there are plans for the old Duban International Airport so lets put them all together.

Does someone know if SAPs and Airbase will move too?

Anyone know area of airport ?
 
#189 ·
No deal yet on sale of old Durban airport

By: Irma Venter

18th July 2011

Negotiations between the Airports Company South Africa (Acsa) and Transnet on the sale of a portion of the old Durban International Airport site are continuing, says Acsa group communications manager Solomon Makgale.

The lesser part, or remainder of the property, is to be developed as part of Acsa’s property portfolio.

“We have not yet reached the stage where we are discussing a financial offer,” says Makgale. “Throughout the discussions, we indicated to Transnet our willingness for them to have first option on the property, but at the right price. The negotiated price must reflect a fair value for a large tract of land in Durban’s South basin – a rare commodity.”

It was reported earlier that Acsa is unwilling to accept a R1.5-billion offer from Transnet for a portion of the old airport site, on which the logistics service provider hopes to developed a port, which will also feature vehicle import and export facilities.


However, Makgale says Acsa has not yet received a formal offer from Transnet.

He adds that the airports operator has had independent valuations done on the property, which he is not in a position to disclose.

“There is demand for the property and we have started discussions with various interested parties.

“Any price for the land will be subject to negotiation and agreement between Acsa and a potential purchaser on the fair market value. In the property business, the outcome of negotiations of such a sensitive and strategic nature may only be made public once a deal has been struck.”


 


Edited by: Creamer Media Reporter

http://www.engineeringnews.co.za/article/no-deal-yet-on-sale-of-old-durban-airport-2011-07-18
 
#190 ·
Clean-Gen

We have been in discussions with Government to install a ZERO emission power plant in KZN (NOT NUKE), costing around half of either Kusesle or Madupi, but with similar (4,5Gw) output-------------- this has been "snookered" by Eskom, due to their fear of loosing their monopoly!!
 
#193 ·
Clean-Gen

Absolutely, both our sites in SA have been 'snookered', one on West Coast and this KZN site, but we ponder if it is worth the problems to continue in SA (and not asking for a penny from government) when our foreign plants are completed with support rather than this SA bureaucratic rubbish?! One would believe that the Country still has an over-capacity, rather than the realistic shortage
 
#200 ·
Transport minister calls for action on old airport site

August 8 2011 at 04:03pm
BARBARA COLE

THE old Durban International Airport will be “sorted out” by the end of the year, Transport Minister S’bu Ndebele has promised.

The site of the airport has been earmarked for a proposed R100 billion dugout “super port” and at Friday’s session of the African Renaissance forum, Ndebele conceded that it was taking too long.

“It is really not on and we should move on it,” he said.

Negotiations have been taking place between Airports Company SA (Acsa), which owns the land, and Transnet, which wants it for a dugout port. The first phase would cost R50 billion,with construction expected to start in about 2015, and the second phase would cost another R50bn, it was announced earlier this year.

Durban would then have a capacity to handle 6 million containers a year: three times what it handles now.

Saying “good progress” had been made on the matter, Ndebele added: “All of us should act like there is an emergency.”

The airport was decommissioned at the end of April last year, the day before the new King Shaka International Airport opened 50km away on the North Coast.

Ndebele, the founder and chairman of the African Renaissance forum, told Friday’s session of the annual gathering that it had initially been said that the matter would be resolved by May this year.

“We will sort this out before the end of the year because we don’t want to affect Acsa’s balance sheet,” he said.

Public Enterprises Minister Malusi Gigaba said in March that a deal could be done on the sale of the site within a year.

The issue is also on the agenda of the KZN Growth Coalition’s annual meeting on August 16.


http://www.dailynews.co.za/transport-minister-calls-for-action-on-old-airport-site-1.1114041
 
#201 ·
back and forth, finger pointing and BS from every one. If this is critical to SA's economy whats the problem, ooh wait yes thats it cant get going no one been given their "bonus"yet to make it happen. This is a joke between 2 parastatels and someone higher , like ol JZ should say its a done deal now signing the farking contracts.

The tax payers own both so its peter paying paul
 
#202 ·
Actually, that's not totally true. The SA govt is the sole shareholder of Transnet, but not ACSA. Govt only owns 75% of ACSA. The other 25% is made of the private sector (the Public Investment Coroporation owns 20% and G10 Investments, Telle Investments, Pybus Thirty-34, Up-Front Investments 64 and Lexshell 342 Investments Holdings together own just over 4%). Thus, ACSA minority shareholders have a right to expect decent returns from the sale of their asset.
 
#203 ·
dude 95% is the same as 100% when it comes to board composition and decition making.
as for 'their assets"well it was given to them by the tax payer and subsidesed for years by the tax payer so the tax payer should get the best deal and that is stop fucking around and get the deal done
 
#204 ·
I want the dugout as soon as possible, and want ACSA to hand it over to Transnet yesterday. However, my point is that ACSA is not 100% owned by the govt, and the rights and interests of its minority shareholders cannot simply be disregarded by the majority shareholder, or a board of directors acting for the interests of the majority shareholder. The past history of the company (was publically owned / pubically funded) is irrelevant in law. Only the here and now matters.

Methinks you should familarise yourself with section 252(1) of the Companies Act of 1973 (relief of oppression clause)...
 
#205 ·
Durban port land deal expected soon

Agreement between state- owned ports and rail group Transnet and the Airports Company SA (Acsa) for the purchase of land earmarked for a R75bn port in Durban is expected by the end of next month

NICKY SMITH

Published:2011/08/23 07:11:04 AM

AN AGREEMENT between state-owned ports and rail group Transnet and the Airports Company SA (Acsa) for the purchase of land earmarked for a R75bn port in Durban is expected by the end of next month. The proposed port will be on the site of the old Durban airport.

"We think that by the end of next month we will know," Department of Transport director-general George Mahlalela said yesterday, referring to how much Transnet would offer Acsa for the land due to be turned into SA’s newest port.

"The discussions are now about how much of the land do we want and what do we want to do with the rest," said Mr Mahlalela, speaking on behalf of the transport ministry, Acsa’s shareholder ministry.

Progress in the negotiations was being hampered by a difference in price expectations between the two companies, complicated by the Public Finance Management Act, which requires each company to behave in its own best interest.

Acsa has reportedly been unwilling to accept anything less than R2bn for the land, though it has officially repeatedly declined to comment on its expectations.

Yesterday, Acsa MD Monhla Hlahla said the Public Finance Management Act would dictate the course to be taken by the operator in the talks. While it was understood that, apart from Transnet, there were at least two more bidders interested in the land, Ms Hlahla declined to provide any details.

Mr Mahlalela said the land could be worth anything from R5bn to R15bn, but because of its location the land was needed by the state for critical economic infrastructure.

"Transnet wants it for development, it’s a strategic piece of land, so you can’t hope to get that price. We can’t really be driven by market valuations," Mr Mahlalela said.

Acsa yesterday reported a net loss of R220,5m, its first in its 18-year history. The loss was largely a result of the operator not being granted the tariff increase it needed to offset borrowings used to upgrade and build new airports in time for last year’s Soccer World Cup.

Acsa has spent about R19bn over the past four years on airports, with R6,7bn being ploughed into the new King Shaka International Airport in Durban. Acsa was not a strong proponent of this airport, largely seen as having been built a decade earlier than required to handle projected air traffic volumes.

Last year Acsa applied for a 190% tariff increase covering a five-year tariff cycle. When this was not granted, the operator took the economic regulator to court and has since been granted an increase of 161% for the period in question.

The increase has outraged the International Air Travel Association (Iata) and the Airlines Association of Southern Africa. Tariffs will rise by 70% on October 1. The associations have warned that these increases will damage their industry.

Priscilla Mabelane, Acsa’s departing financial director, said posting a loss in a regulated economic framework "is unheard of". Passenger volumes rose 6% to 17,5-million, due to arrivals for the World Cup. Revenue rose 32% to R4,6bn.


smithn@bdfm.co.za

http://www.businessday.co.za/articles/Content.aspx?id=151353
 
#206 ·
Multibillion-rand plan for Durban “old” airport

November 7 2011 at 01:04pm
By Simone Samuels

Transnet’s procurement of Durban’s former airport site as a multibillion-rand dug-out port is close to being a “done deal”, according to National Port Authority officials.

Speaking at a press briefing on local port upgrades on Friday, Hamilton Nxumalo, manager of infrastructure, port planning and development, said the estimated R100 billion project, which has faced delays since an offer was made last year, will be finalised “in weeks”.

Nxumalo could not confirm the exact amount for which the site would be sold, but said Transnet had negotiated a “good price”.

Ricky Bhikraj, port manager, said the developments, both new and those on existing infrastructure, aimed to meet capacity ahead of demand.

Amid the delays, the development came at a opportune time, Bhikraj said, because “if (the National Port Authority) catered capacity too far ahead, we would have been wasteful and if (we had) waited until demand was upon us, we’d have missed the boat.”

Nxumalo said the existing port was close to exceeding capacity because of growing demand and the new port, expected to begin operations between 2016 and 2018, would lighten this load.

Nxumalo acknowledged that several landowners around the Prospecton airport site will need to be relocated, but said this would require careful consideration.

Bhikraj acknowledged that this was not ideal, but added that the new site had to be developed, because failure to embark on such megaprojects would place a “long-term (stranglehold)” on the country’s ability to trade, affecting the economy.

Bhikraj said the development would reap rewards for Durban as a prime port city and for its people in the form of job creation.

During construction, 20 000 direct and 47 000 indirect jobs would be created and once the port was operational 12 000 direct and 16 000 indirect jobs would be available, he said.

Upgrades to the existing port included revamps to the Island View, Bayhead and Maydon Wharf facilities, increasing their current vehicle and vessel capacity, as well as creating space for container and liquid cargo storage.

The cost of these upgrades to Island View, Bayhead Road and Maydon Wharf are estimated at R600 million, R256m and R 1.6bn, respectively.

During the upgrades, cargo would be diverted to the Eastern Cape as a temporary measure, and no cargo would be lost to any port outside of South Africa, Bhikraj said. - Daily News


http://www.iol.co.za/news/south-afr...on-rand-plan-for-durban-old-airport-1.1173052
 
#207 ·
Old Durban Airport sold

17 November 2011 - 09:21
By Thrishni Subramoney

An agreement has been reached on the sale of the old Durban International airport site to Transnet, although the paperwork has not yet been signed.

Public Enterprises Minister Malusi Gigaba has led a delegation of top executives from state owned companies to KwaZulu-Natal to meet with provincial authorities. He has taken a tour of the Dube Trade Port.

Gigaba says Transnet's plans to develop the site into a dig-out port are part of a greater economic strategy for the country.

The proposed dig-out port is expected to include liquid bulk and container terminals as well as an automotive terminal.

The Minister says Transnet is also planning to expand ports, rail and pipeline infrastructure in KZN. This will see the expansion of the Richard's Bay Coal Terminal, the Port of Durban and upgrades to the Provincial Rail Network.

He says state owned airlines are also considering using King Shaka International as a secondary regional hub after O.R Tambo International, that will connect South Africa to the continent and the rest of the world.

http://www.ecr.co.za/kagiso/content...&sn=Detail&pid=490476&Old-Durban-Airport-sold
 
#210 ·
Yeah.. and then this group of numbnuts called Groundwork comes along with their own little spin on the whole thing... Don't think I've sworn so much in my car before...

It is disappointed that the Public Works Department agreed to sell the old Durban International Airport site for the project which will have negative environmental and social implications.

The group says the sale agreement goes against government's goal to reduce the country's carbon footprint.

Groundwork's Bobby Peek says increased industrial activity by ships and long-haul trucks that will be working in the area will increase air pollution, worsening the situation for a community that is already living with harsh fumes and chemicals from the refineries in the area.

"The major on-the-ground implication of developing a port there, is that it's going have a negative impact on Merebank, Wentworth and Isipingo because of the back port area."

"People are going to loose their homes most probably, people are going to have big trucks through their residential areas."

"And we know that the city has a plan to put a road between the old port and the new port which will go right through Wentworth and Clairwood."

"So this is the beginning of the demise of the residential nature of South Durban."
http://www.ecr.co.za/kagiso/content...6028&Environment-group-slams-Transnet-s-plans

Can't say I've ever thought of South Durban as anything other than an Industrial area with very low class residential in it.. so not sure how its the "demise" of the residential nature of South Durban.

Also not entirely sure where they come up with the BS about people losing homes.. yes some homes might have to be demolished to make way for the route between the harbours, but the properties will be bought fairly.... not expropriated.
 
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