One of Transnet’s ailing ports will be partly privatised.
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GUEST – Sizwe Dhlomo – KAYA Presenter & Andrew Pike - Head of Ports, Transport and Logistics sector at Bowmans
Transnet has selected Manila-headquartered International Container Terminal Services (ICTSI) as the preferred bidder for a joint venture to develop and upgrade the flagship Durban Container Terminal Pier 2. Over a 25-year term, ICTSI will partner with Transnet Port Terminals (TPT) to develop and upgrade Transnet’s biggest container terminal, handling 72% of the Port of Durban’s throughput and 46% of South Africa’s port traffic. The finalisation of the process follows approvals from government in terms of the Public Finance Management Act (PFMA), Transnet said on Monday.
Transnet has selected Manila-headquartered International Container Terminal Services (ICTSI) as the preferred bidder for a joint venture to develop and upgrade the flagship Durban Container Terminal Pier 2. Over a 25-year term, ICTSI will partner with Transnet Port Terminals (TPT) to develop and upgrade Transnet’s biggest container terminal, handling 72% of the Port of Durban’s throughput and 46% of South Africa’s port traffic. The finalisation of the process follows approvals from government in terms of the Public Finance Management Act (PFMA), Transnet said on Monday.
