Transnet board approves R100 billion project to expand KwaZulu-Natal ports
Transnet National Ports Authority (TNPA) has received approval from its board for its R100 billion KwaZulu-Natal Logistics Hub Programme. The programme is aimed at expanding the ports of Durban and Richards Bay, the process sets in motion subsequent governance processes to be undertaken by the ports authority. It is reported that the the process includes the promulgation
Transnet board approves R100 billion project to expand KwaZulu-Natal ports
Transnet National Ports Authority (TNPA) has received approval from its board for its R100 billion KwaZulu-Natal Logistics Hub Programme.
The programme is aimed at expanding the ports of Durban and Richards Bay, the process sets in motion subsequent governance processes to be undertaken by the ports authority.
It is reported that the the process includes the promulgation process, as stipulated by the National Ports Act of 2002, TNPA said in a statement issued on Tuesday.
As per a report by MoneyWeb, the ports authority announced that the programme will position the Port of Durban as an international container hub with an increased container capacity of 11.4 million TEUs (twenty equipment units) and an automotive capacity exceeding 900 000 units.
“It says the Richards Bay Port will be positioned as a dry bulk port, with plans aligning with the Department of Mineral Resources and Energy strategy plan to feature a new berth for handling LNG (liquified natural gas) as an alternative source for power generation,” reports the publication.
“The ports authority says some dry bulk terminals and mineral-handling facilities are also earmarked for relocation from the Port of Durban’s Island View and Maydon Wharf Precincts to the Port of Richards Bay.”
In addition, the approval for the multi billion rand project follows a detailed validation process of the Port of Durban which confirmed the feasibility of the plan.
It is also mentioned that the process was carried out under the supervision of the World Bank by independent consultants, Maritime and Transport Business Solutions (MTBS) and PDRW Consulting Port and Coastal Engineers.
“The validation process is done to confirm the feasibility of the plans by independent experts and determine whether the presented business case is indeed achievable. In both instances, the independent consultants have confirmed feasibility of both plans,” said TNPA.
Main Image: Port of Richards Bay/Africa Ports
