Ed Richardson
IT IS estimated that the proposed Coega port will provide services worth R10-billion a year within a decade.
Public enterprises minister Jeff Radebe told parliament recently that Portnet would provide services by being the landlord and the port authority.
It was intended to concession cargo handling activities to private operators.
While it was not possible at this stage to put a definite value to services such as exports, imports and manufacturing, it is reasonable to assume that it will be in excess of R10-billion per annum, said Radebe.
Other South African ports are not expected to suffer.
Cargo handling operations arising from the development of the Coega industrial development zone would be new business based largely on the manufacturing cluster that is aimed at export-led growth.
Radebe said the Coega port would probably be built in three phases and over a period of ten years.
He confirmed plans to move a tank farm and manganese ore terminal in the present harbour of Port Elizabeth. This would free up valuable land for re-development, he said.
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