South Africa plans to invest $570 million in port infrastructure

Seetao 2022-06-30 10:39
  • The construction the South African port will completely open the overseas trade line and accelerate the development of the port economy
Read this article
4 Minutes

South Africa's Transnet National Port Authority plans to invest around $566 million over the next seven years in various infrastructure facilities in East London, Port Elizabeth and Ngula. Ports of Nelson Mandela, Elizabeth and Ngula will receive $299 million in investment, while East London will receive the remaining approximately $268 million. The first investment of around R570 million will take place in the 2022/2023 financial year. TNPA's latest investment plan aims to realign South African port operator Transnet with other key economic sectors.

Siyabulela Mhlaluka, managing executive officer for the TNPA Central Region, said in a statement: "We are positioning Port Elizabeth as a motor port, Ngula as a transshipment and energy hub in the southern hemisphere and East London as the region's wider automotive industry. , industrial and agricultural services. In addition, TNPA will also carry out the development of waterfront projects around the East London Port, in line with the strategic positioning of East London Port's tourism industry. Keywords: engineering news, overseas news

The first investment will be used to relocate the oil depot from Port Elizabeth to Port Ngola, develop the first phase of the Port Ngola Manganese Ore Export Terminal, investigate the feasibility of rebuilding East London Port Pier 3, and build a slipway in Port Elizabeth. road.Editor/XingWentao