Fin24

Transnet gets Durban port go-ahead - report

2012-04-16 11:44

Durban - Durban International Airport is set to be dug out and converted into the city's second sea port following approval from the Competition Tribunal, the Mercury newspaper reported on Monday.

The tribunal has approved Transnet's R1.8bn purchase of the airport from the Airports Company SA.

Transnet plans to invest R100bn in the facility, which will have 16 container berths, five automotive berths and four liquid bulk berths.

Durban International Airport, situated south of the city, was decommissioned in May 2010 following the opening of King Shaka International Airport north of the city.

Comments
  • Dave - 2012-04-17 06:36

    And it will still be the most expensive port in Africa. Trade will move to Maputo, the N3 will lose it's competitive advantage and Durban will remain whre it is.

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