• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Old Durban airport handed over

Dec 06 2012 14:21 Sapa


Related Articles

Transnet gets Durban port go-ahead - report

Plans afoot to convert Durban airport

Durban priciest port - global study

Committee to decide on Durban airport future

KZN's new airport under-used - official

 

Durban - Transnet has taken ownership of the Old Durban International Airport site for the development of a proposed dig-out port which will cost R75bn. 

The Airports Company SA officially handed over the site, which lies south of the city, to Transnet in Durban on Thursday. 

Minister of Public Enterprises Malusi Gigaba said the dig-out port was expected to create 64 000 jobs during construction and 28 000 permanent jobs when operational. 

"Today represents the start of an exciting chapter in South Africa's infrastructure development programme and the critical role state-owned companies, especially those of the department of public enterprises, are playing in transforming our economy," Gigaba said. 

He had met with communities which would be affected both positively and negatively by the proposed development on Wednesday. 

The proposed dig-out port would be built in four phases, with the first phases scheduled to start in 2016, and commissioned by 2020.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest

transnet  |  acsa  |  durban international airport

NEXT ON FIN24X

 
 
 

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
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

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

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...