Transnet National Ports Authority (TNPA) has received board approval for its R100 billion KwaZulu-Natal Logistics Hub Programme intended to expand the ports of Durban and Richards Bay. Moneyweb CompanyNews NDL_ndumeey
Transnet National Ports Authority has received board approval for its R100 billion KwaZulu-Natal Logistics Hub Programme intended to expand the ports of Durban and Richards Bay. “The approval process sets in motion subsequent governance processes to be undertaken by the ports authority which include the promulgation process, as stipulated by the National Ports Act of 2002,” it noted in a statement issued on Tuesday.
Transnet eyes Richards Bay port for new liquefied gas hub The ports authority says some dry bulk terminals and mineral-handling facilities are also earmarked for relocation from the Port of Durban’s Island View and Maydon Wharf Precincts to the Port of Richards Bay. The approval comes after a detailed validation process of the Port of Durban was concluded which confirmed the feasibility of the plan.
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