Transnet Ltd. may spend 100 billion rand ($14.5 billion) building a new port in Durban, South Africa, Business Report said, citing Mafika Mkwanazi, the chairman of the state-owned company.
Construction of the port may start in 2015 and its first phase may be ready in 2019, the Johannesburg-based newspaper said, citing Mkwanazi.
The container capacity of the facility will be 6 million twenty-foot equivalent units, about twice the capacity of the current port, the newspaper said. Transnet will seek private participation in its construction, Business Report said.
Construction of the port may start in 2015 and its first phase may be ready in 2019, the Johannesburg-based newspaper said, citing Mkwanazi.
The container capacity of the facility will be 6 million twenty-foot equivalent units, about twice the capacity of the current port, the newspaper said. Transnet will seek private participation in its construction, Business Report said.