Transnet to Build South African Port

15 March 2011 (Last Updated March 15th, 2011 18:30)

Transnet, a South African logistics firm, is to invest $14.6bn in the construction of a new port in Durban, South Africa. The port will have a capacity of six million teu in the first phase. Construction will start in 2015 and be completed in 2019. The company is

Transnet, a South African logistics firm, is to invest $14.6bn in the construction of a new port in Durban, South Africa.

The port will have a capacity of six million teu in the first phase.

Construction will start in 2015 and be completed in 2019.

The company is expected to partner with the private sector in the development and operation of the port.