PUBLIC Enterprises Minister Pravin Gordhan says Transnet is looking to potentially work with private companies for the expansion of the Durban port to the tune of R100 billion by 2023.
Gordhan told reporters during a virtual briefing on Monday that – should government’s latest plans for Transnet pan out as expected – in ten years’ time, 60% of the container traffic into and out of South Africa will be handled by an upgraded Durban port.
In May, President Cyril Ramaphosa told Parliament that getting Durban’s port back to competitive levels was a critical part of government’s plans to lead the South African economy to recovery following the blows of the Covid-19 pandemic and more than a decade of lacklustre growth.
Gordhan said collaboration was a key element in handling Transnet’s ports and rail facilities and that Transnet had “reorientated” its strategy for eight key freight corridors dealing with different commodities
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