The Transnet National Ports Authority (TNPA) has taken a decisive step to advance South Africa’s food security and improve global trade competitiveness through two landmark concession awards at the Maydon Wharf Precinct, in the Port of Durban.
These transactions will unlock more than R1 billion in private sector investment in modernising port infrastructure, while strengthening Durban’s strategic position as a gateway for agricultural and perishable exports.
African Port Logistics and Infrastructure (Pty) Ltd, trading as KHOLD, has been appointed as the preferred bidder to handle fresh produce and compatible break-bulk cargo with a planned investment of R250 million.
With a committed R810 million in capital expenditure, the BAL SA & Africa Global Logistics Consortium has been named the preferred bidder for the development and management of a multi-purpose terminal to handle agricultural dry bulk and other compatible cargo.
These brownfield concessions will grant the two private operators the licence to finance, design, construct, operate, maintain and ultimately transfer the upgraded terminal facilities to TNPA at the end of the 25-year concession tenure.
These projects will significantly enhance handling capacity for fresh produce and agricultural dry bulk, and strengthen supply chains from local farms to global markets.
Beyond infrastructure upgrades, the concessions are expected to deliver a meaningful economic impact to the SADC region. Both preferred bidders have made firm commitments to promote transformation and ensure inclusive economic growth.
These commitments include participation of black-owned, small and emerging enterprises, as well as expanded opportunities for previously disadvantaged persons.
“These concessions not only respond to market demands but also advance national priorities that enable the port to transform, as prescribed by Transnet’s Reinvent for Growth Strategy.
“By unlocking such significant investment, we are ensuring that Maydon Wharf evolves into a modern, efficient, terminalised and automated inclusive logistics hub. These transactions further strengthen Durban’s position as a competitive export platform for agricultural and fresh produce trade,” TNPA General Manager: Commercial Services, Dr Dineo Mazibuko, said.
The preferred bidders will now enter negotiations with TNPA to finalise Terminal Operator Agreements. This governance process will mark the next steps in implementing these strategically significant developments. - SAnews.gov.za
