Transnet has just eight years to implement ambitious R100 billion expansion plans intended to quadruple the port of Durban’s capacity and transform it into a cutting-edge facility, the state-owned logistics company told Parliament on Wednesday.
In detailing its expansion plans for the Durban port, as well as other facilities, to Parliament’s select committee on public enterprises and communication, Transnet said the clock was ticking on its growth ambitions.
“We don’t have the luxury of time to pontificate because we need to develop a capability of about 11.4 million TEUs [20-foot long containers or equivalent units],” said Pepi Silinga, CEO of Transnet National Ports Authority.
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won’t be billed.