TNPA plans to invest "ahead of demand"
Transnet National Ports Authority (TNPA) CEO Tau Morwe told business leaders that he plans to be more of an "activist" in his approach to the development of harbour infrastructure and terminal capacity and stay "ahead of demand" through partnership with private sector investors.
Morwe said that new terminal capacity would be put out for a competitive bidding process and that it is likely, as a result, that most new terminal developments would be built by private companies. "With the implementation of the National Ports Act", he said "any new terminal that will be built will be put out on tender and the best tenderer will win."
Morwe conceded that too few terminals were developed over the past few decades. However, several new projects that would be built in partnership with the private sector were at an advanced stage of development, he said, adding that over the next five years, Transnet National Ports Authority planned to spend R23-billion on infrastructure to support growth in the number of terminals.
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