Investment essential to ensure terminal operates efficiently
I welcome the news that Transnet has confirmed a private sector partner to develop and upgrade Pier 2 of the Durban container terminal. I look forward to seeing the urgent operalisation of this agreement, so that the benefits of this partnership in boosting economic growth in SA can be realised soon.
Historically there has been major capital underexpenditure by Transnet Port Terminals in the PoCT. According to a presentation by Transnet in June to the Western Cape standing committee on finance and economic opportunities and tourism, the Cape Town container terminal is severely underequipped, with only 16 rubber tyre gantries available, which are needed to move cargo on and off ships, when the optimal number should be 39.
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