Durban Dig-out Port agreement soon!

August 24, 2011 — Leave a comment

An impending agreement between Transnet and the Airports Company SA (ACSA) over the price to be paid for the site of the old Durban International Airport can be expected by the end of September 2011. The agreement will allow Transnet to secure the strategic piece of land on the southern side of Durban for building a new deepwater container port.

While there is common agreement that the land should be secured for a new port which would be built when the time was right – estimates suggest that it will be required before 2020, Transnet and ACSA were reported to be at odds over the amount that the old airport site of 620ha is worth. ACSA was initially asking for at least R3 billion but is understood to have come down to R2 billion. Transnet was prepared to pay around R1 billion. Source: SA Ports.

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