The Durban Chamber of Commerce and Industry (DCCI) has welcomed the announcement of several critical investments in South Africa’s ports, including the development of a liquid bulk terminal in the Durban port.
Minister of Transport Fikile Mbalula unveiled the investments that will contribute towards advancing Operation Phakisa during a tour of Durban port on Monday.
The investments include the construction of an onshore Liquid Natural Gas (LNG) regasification facility, the issuing of a liquid bulk operating licence to develop and operate a liquid bulk terminal, and access rights for the Risk Mitigation Independent Power Producer Procurement Programme (*).
DCCI chief executive Palesa Phili said Durban businesses welcomed the developments.
“We believe these investments will stimulate economic growth and contribute to the advancement of South Africa’s economy. As organised business, we are encouraged to see the minister take the necessary steps to reach our full potential through Operation Phakisa.
“We constantly need to seek projects that will position Durban as an attractive and hospitable city for investors, both locally and internationally,” Phili said.
“The development and operation of a liquid bulk terminal at the Maydon Wharf 6 in the Port of Durban is encouraging. We believe this development will yield positive economic spin-offs for the local economy
“As organised business we believe the government needs to work closely with the private sector to promote commercial and employment opportunities with the maritime industry.”
* Please see previous report for more information about the investments: https://tinyurl.com/mpddf254.
