Transnet has applied for approval to enter into a partnership with an external partner to operate the container terminal being built at the Port of Ngqura, near Coega on the Eastern Cape Coast.
The application follows the good progress made in the construction of the ZAR8 billion four-berth container terminal at the Port of Ngqura, which is scheduled for completion in 2009. The terminal is expected to have a capacity of six million containers per year.
Transnet’s five-year investment in the country’s transport infrastructure now amounts to ZAR78 billion, which includes operational expansion and modernisation of ports, rail networks and the Durban-Johannesburg pipeline.
Progress in the planned projects, i.e. the Saldanha port/rail line, the Cape Town Container Terminal, the Durban Pier 1 new container terminal, Durban harbour entrance widening, Port of Ngqura and the coal line capacity is reported to be satisfactory, with Transnet achieving at least 90% of its 2006/07 targets.
Transnet has been systematically disposing of non-core activities, including the recent ZAR1 billion sale of its fleet-management and leasing business, Viamax, and various other business units being either sold off or transferred to government’s transport department.
The application follows the good progress made in the construction of the ZAR8 billion four-berth container terminal at the Port of Ngqura, which is scheduled for completion in 2009. The terminal is expected to have a capacity of six million containers per year.
Transnet’s five-year investment in the country’s transport infrastructure now amounts to ZAR78 billion, which includes operational expansion and modernisation of ports, rail networks and the Durban-Johannesburg pipeline.
Progress in the planned projects, i.e. the Saldanha port/rail line, the Cape Town Container Terminal, the Durban Pier 1 new container terminal, Durban harbour entrance widening, Port of Ngqura and the coal line capacity is reported to be satisfactory, with Transnet achieving at least 90% of its 2006/07 targets.
Transnet has been systematically disposing of non-core activities, including the recent ZAR1 billion sale of its fleet-management and leasing business, Viamax, and various other business units being either sold off or transferred to government’s transport department.