South Africa’s Transnet to Deepen Durban Port to Accommodate Larger Ships
By Tanisha Heiberg JOHANNESBURG, Sept 11 (Reuters)– South Africa’s Transnet claimed on Tuesday it will certainly invest 7 billion rand ($ 464 million) to strengthen berths at Africa’s largest container terminal in the port city of Durban to suit bigger vessels.
Transnet, which runs virtually three-quarters of the African rail network, the mass of which remains in South Africa, intends to finish the job by 2023, it claimed in a declaration.
Transnet claimed the job at the Durban port, which takes care of around 65 percent of South Africa’s container freight, will certainly consist of the repair, growing and also extending of berths 203 to 205 for the bigger ships.
The state-owned logistics company has actually been involved in claims of corruption entailing purchase agreements worth around 54 billion rand.
It positioned its president and also 2 various other elderly authorities on suspension in August pending examinations. ($ 1 = 15.1125 rand) (Reporting by Tanisha Heiberg Editing by James Macharia)
( c) Copyright Thomson Reuters 2018.