Private investment invited in Nelson Mandela Bay Logistics Park

ED RICHARDSON PRIVATE BUSINESS has been invited to develop and lease pockets of land on the premises of the Nelson Mandela Bay Logistics Park. The decision, which was reached by the Nelson Mandela Bay Municipality’s Council, should allow for further investments in the area. “This cements the Municipality’s pro-active initiatives to create and sustain developmental programmes for all areas within the boundaries of this local government institution, and work aggressively towards job creation for its residents through Public Private Partnerships,” says municipal spokesperson, Kupido Baron. The business units for economic development, tourism, agriculture, housing and land will formulate lease agreements. The units will also work together to prepare a disposal framework to outline the specific requirements of disposals within a logistics park environment. Phase 1 of the project has been completed. This R105 million development comprises the infrastructure, logistics centre, container yard, mini factory Block A, gatehouse and perimeter fencing. Some R105 million was also made available for a large factory and the central hub. A 40 000m2 container yard has been built by Mediterranean Shipping Company.