[South African Ports Authority plans to invest$570 million in port infrastructure]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. Editor/Xing Wentao
Recently, Zhang Yang, a member of the CCSIC Party Committee and Vice President, visited Chongqing Construction Engineering Group for a discussion. The two sides discussed deepening cooperation in areas such as urban renewal, overseas business, and Hami aid construction. Zhang Yang and his delegation also conducted grassroots research, safety inspections, and summer cooling and consolation activities. Editor/Min Jing
The high-level conference on the Trans Caspian International Transport Corridor, hosted by the Ministry of Transport, was held in Beijing. Representatives from multiple countries along the route attended and jointly released initiatives to expand capacity and increase efficiency. Two supporting guidelines were simultaneously launched, and all parties will work together to improve the channel facilities and create a benchmark channel for Asia Europe connectivity. Editor/Min Jing