SOUTH AFRICA TO BOOST SPENDING ON PORTS
South Africas transport authority, Transnet, is to implement a US$6.3 billion investment programme over the next five years to expand existing port and rail infrastructure.
In comparison, vessel loading and unloading added just US$6.8m to the overall cost of moving goods through the port. The report also emphasises that US$11.7m in bribes were required to smooth the passage of export consignments through Chittagong.
This will be financed out of “our core business cash flows”, according to Public Enterprises Minister Alec Erwin.
Related Articles
PORT & TERMINAL NEWS
PORT & TERMINAL NEWS
PRODUCTS & SERVICES