TRANSNET says it is on track to introduce private sector participation (PSP) partners to boost terminal operations at Durban’s Container Terminal Pier 2 (DCT2) and at the Port of Ngqura (NCT) by mid-year.
Last week Transnet told KZN Industrial & Business News that: “Throughout [the] process Transnet has retained substantial interest from the private sector which is encouraging and bodes well for the transactions”.
The process started in 2021 and, as part of the port master plan, Transnet aims to improve commercial performance and throughput at DCT2 by bringing in a partner with international terminal operations experience.
In August last year, ten entities were shortlisted to progress to the Request for Proposal (RFP) stage for the DCT2 and four of these entities were also shortlisted to make submissions for the NCT upgrade in the Eastern Cape.
The intention is to create a 25-year special purpose vehicle (SPV) between Transnet Port Terminals (TPT) and the winning bidders, which will not require the disposal or sale of any of the terminal assets. After 25 years the terminals would revert fully to TPT.
Read more here. (https://kznindustrialnews.co.za/private-partners-shortlisted-for-durban-and-nqura-port-upgrades/)
Transnet reports that it is now at the advanced stages of the partner selection process with the RFP submission deadline this month (March).
“The final stage of the process involves obtaining the necessary governance and regulatory approvals and financial closure, with the preferred partner expected to be in place by mid-2023,” the State Owned Company said.
