Transnet says the awarding of the contract to Southern Palace was done in a transparent manner despite the organisation facing leadership challenges and a slew of fraud and corruption charges.
“This was awarded in terms of our private sector participation policy that was recently developed out of good practice. We had it validated last year with external consultants to see if its best practice in terms of venturing, how organs of state venture with private sector.
Gauteng handles approximately 60 % of the country’s import /export goods. The development will cover 607 hectares and will compromise a range of property development components. Transnet says 81 000 jobs will be created during the construction of the new terminal. “Tambo Springs terminal, the first phase of it will be able to accommodate 255 000 containers per year, where as opposed to City Deep which has 1.6 million containers per year. The land that is committed to the project is over a thousand hectares of land. The terminal itself will only occupy 67 hectares.
Good new, for once.
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