Transnet National Ports Authority is finalising negotiations with the preferred bidder in preparation for an official signing in April with Kwa Zulu Cruise Terminal (KCT).
A joint venture between MSC Cruises SA (a subsidiary of Mediterranean Shipping Company SA) and Africa Armada Consortium (a black empowerment partner), KCT has been announced as the preferred bidder for the design, financing, construction, operation, maintenance and transfer of the new cruise terminal facility for a 25-year concession period in the Port of Durban.
The terminal is expected to be operational by October 2019.
