Cape Town – The Western Cape’s Saldanha and Cape Town port terminals stands to benefit from a R33-billion investment by Transnet Port Terminals (TPT) on its regional terminal upgrades.
This amount is just more than 10 percent of the overall spend as it sets out to refurbish South Africa’s terminals spread across Durban and Richards Bay in Kwa-Zulu Natal, East London, Port Elizabeth and the Ngqura Container Terminal in the Eastern Cape, as well as Saldanha and the Cape Town terminals in the Western Cape.
The spending is directed towards the buying of equipment, reconfiguration and upgrade of facilities, and training of staff for Transnet’s own needs and those of the wider economy.
Karl Socikwa, TPT chief executive, said the container terminals at Durban Pier 1 and 2, Port Elizabeth, Ngqura and Cape Town, would receive R2.97bn for both equipment and infrastructure over the next two financial years.
“This will take TPT’s overall container terminal capacity from its current 4 million twenty-foot equivalent units (TEUs) to 7 million TEUs by 2019.”
Transnet is also investing an additional R300bn in its market demand strategy – a seven-year infrastructure programme that will see the modernisation of South Africa’s rail, port and pipeline infrastructure by the state-owned logistics company.
Socikwa said the terminal infrastructure upgrade programme has reached a critical stage for TPT and the wider Transnet group.
“TPT expects to see rapid capacity increase in the years