Multi million rand investment to boost container handling
New PPP for the Port of Richard’s Bay
SOUTH AFRICA: A R285 million investment in container handling at the Port of Richard’s Bay is set to increase the port’s annual capacity from 50,000 TEUs to 200,000 TEUs.
Transnet National Ports Authority (TNPA) signed an agreement with Grindrod Eyamakhosi Joint Venture to develop and operate a container handling facility at the Port of Richards Bay’s Bayvue precinct on Monday.
The development of this container handling facility is part of TNPA’s master plan for KwaZulu-Natal ports, which reconfigures the Port of Richards Bay to enhance its capacity for handling containers as well as liquid bulk commodities.
As the successful bidder for the facility, Grindrod Eyamakhosi will have the rights for a 25-year concession period. The container facility, which is due to become commercially operational by 2028, is expected to created about 122 permanent jobs.
According to a statement from the port authority, once operational, the facility will incorporate the latest technology and feature specialised infrastructure equipment designed for efficient cargo handling to ensure quick turnaround of vessels.
The container facility’s location is close to the hinterland market and aligns with Transnet’s commitment to lower logistics costs whilst reducing transportation lead times for the benefit of both local and regional economies.
“The partnership between the two entities reflects Transnet’s ongoing commitment to enable and unlock capacity through well-regulated private sector partnerships,” said Transnet Board Chairperson, Andile Sangqu during the signing ceremony in Richards Bay.
“Our investment in this project supports Grindrod's purpose of enhancing Africa's trade and impacting local communities. Partnering with Eyamakhosi provides valuable local insights and authenticity to our empowerment efforts. We aim to create a smart logistics hub for efficient movement of goods across rail, road, and sea, fostering regional economic integration and reducing logistics costs,” said Xolani Mbambo, Chief Executive Officer of Grindrod.
PHOTO From left: Sicebi Mthethwa, Eyamakhosi Managing Director; Phyllis Difeto Acting TNPA Chief Executive and Xolani Mbambo Grindrod Limited CEO
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