Transnet plans to build a second port in Durban, injecting billions of rand into the economy and creating thousands of new jobs.
The group told the Sunday Tribune this week that it was negotiating to buy the site of the old Durban International Airport and convert it into a dug-out port at a project expected to cost in the region of US$1.26 billion.
This follows months of speculation over the future of the 740ha site as airport operations were moved to King Shaka International Airport.
"Our future port planning indicates that the Durban airport site is required in the medium term (between five and 10 years) to be converted into a dug-out port. We have notified our shareholder, the Department of Public Enterprises, to that effect and discussions regarding its acquisition are ongoing," said spokesman John Dludlu.
The group told the Sunday Tribune this week that it was negotiating to buy the site of the old Durban International Airport and convert it into a dug-out port at a project expected to cost in the region of US$1.26 billion.
This follows months of speculation over the future of the 740ha site as airport operations were moved to King Shaka International Airport.
"Our future port planning indicates that the Durban airport site is required in the medium term (between five and 10 years) to be converted into a dug-out port. We have notified our shareholder, the Department of Public Enterprises, to that effect and discussions regarding its acquisition are ongoing," said spokesman John Dludlu.