Transnet investment continues despite recession

Despite the difficult financial times, Transnet National Ports Authority will go ahead with its R79.6 million investment in capital projects at the Port of PE during its 2009/10 financial year. The five key projects range from the provision of roof shelters at the four port entrances and CCTV cameras to upgrading the Number 1 Quay Substation and 6.6kv Electrical Reticulation. The upgrade of the electrical reticulation will secure an additional 80% of electrical capacity in the Port of PE. This upgrade will take place over a three year period at an estimated cost of R80.7 million. “This allows for extra electrical capacity for our tenants particularly when the manganese terminal is upgraded,” says Ngcobo. “We have also made provision for the expansion of the fishing industry and its processing plants.” Other projects include the R13 million refurbishment of the manganese ore terminal (expected to be completed in November 2009) and R3.1 million repairs to the tanker berth expected to be completed later this month. General maintenance throughout the port has been allocated a budget of R31 million for the current fiscal year.