Maydon Wharf concessions announced
Strengthening agricultural export infrastructure
SOUTH AFRICA: Preferred bidders for two landmark concessions in the Maydon Wharf Precinct in the Port of Durban now will enter into final discussions with Transnet National Ports Authority (TNPA) to finalise Terminal Operating Agreements.
The two concessions aim to strengthen Durban’s position as a gateway for agricultural and perishable exports and will, reportedly, unlock more than R1 billion in private-sector investment in modernising port infrastructure.
African Port Logistics and Infrastructure (Pty) Ltd, trading as KHOLD, has been appointed as the preferred bidder to handle fresh produce and compatible break-bulk cargo with a planned investment of R250 million.
With a committed R810 million in capital expenditure, the BAL SA & Africa Global Logistics Consortium has been named the preferred bidder for the development and management of a multi-purpose terminal to handle agricultural dry bulk and other compatible cargo.
These brownfield projects will significantly enhance handling capacity for fresh produce and agricultural dry bulk and strengthen supply chains from local farms to global markets.
Beyond infrastructure upgrades, the concessions are expected to deliver a meaningful economic impact to the SADC region. Both preferred bidders have made firm commitments to promote transformation and ensure inclusive economic growth. These commitments include participation of black-owned small and emerging enterprises, as well as expanded opportunities for previously disadvantaged persons.
TNPA General Manager Commercial Services, Dr Dineo Mazibuko, said: “These concessions not only respond to market demands but also advance national priorities that enable the port to transform as prescribed by Transnet’s Reinvent for Growth Strategy. By unlocking such significant investment, we are ensuring that Maydon Wharf evolves into a modern, efficient, terminalized and automated inclusive logistics hub. These transactions further strengthen Durban’s position as a competitive export platform for agricultural and fresh produce trade.”
PHOTO: Maydon Wharf Precinct. (Source: Transnet National Ports Authority)
231