• Is Cell C sustainable?

    Is the mobile operator another African Bank in the making, asks Gugu Lourie.

  • Alliances that work

    Mutually adding value secures the employer-employee relationship, says Ian Mann.

  • Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

Loading...
See More

Transnet gets Durban port go-ahead - report

Apr 16 2012 11:44 Sapa

Related Articles

Transnet to raise R86.5bn in debt

Durban port gets R400m upgrade

Pipeline tariff to add to fuel price

Transnet granted 31.6% pipeline hike

Transnet launches new health train

Transnet to boost port rail capacity

 
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.

NEXT ON FIN24X

 

Latest Articles

Invest for Income Read More...
15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...