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New Dug-Out Port for Durban

| News by Staff Reporter

New dug-out port for Durban in the pipeline

Transnet, South African transport parastatal, has agreed to buy the old Durban International Airport with the aim of converting it to a dug-out port.

Transnet will pay R1,8-billion for the disused airport, which it eventually will turn into a multi-billion rand dug-out port that it hopes will boost SA’s competitiveness and create thousands of new jobs.

KwaZulu-Natal Premier Zweli Mkhize last week said the new dug-out port would offer the province considerable opportunities and spin offs.

“We have Durban as the busiest port on the continent and Richards Bay managing the biggest volumes of cargo in South Africa,” Mkhize said.

“With the addition of the dug-out port, we have an important strategic asset.”

The dug-out port was expected to be completed in 2019.

Source: www.bizpremises.co.za