South Africa invests in box terminals
The South African state owned holding, Transnet, has approved a US$349.37m investment upgrade package for container terminals in both Durban and Cape Town.
The contract for consultancy was awarded to Singapore’s Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL).
At Durban, US$241.95m will be used to develop a box handling facility at Pier I; this will be jointly funded by South African Port Operations (Sapo) and the National Port Authority of South Africa (NPA). Meanwhile, US$101.02m is to be invested in the container terminal at Cape Town to improve efficiency, speed up turnaround times and increase capacity.
A further US$1.68m will also be spent on improving reefer installations at the port which is key to the success of the local fruit export industry.