Mbalula unveils multi-billion-rand investments at Durban harbour
Several multi-billion rand investments at the province's ports have been given the green light.
Transport Minister Fikile Mbalula says they are aimed at stimulating the oceans economy and placing South Africa on a sustainable economic growth path.
He was speaking at the Dormac Marine and Engineering shipyard at the Port of Durban on Monday.
Mbalula said the Strategic Fuel Fund will construct an onshore liquid natural gas regasification facility at the Port of Ngqura.
The Mnambithi terminals will also develop and operate a liquid bulk terminal at the Maydon Wharf 6 at Durban which will create over 1 500 temporary, direct and other indirect job opportunities.
"Dormac Marine Engineering will renew existing leases which will generate rental income for Transnet and eThekwini Municipality currently standing at R17.5 million per annum,” said Mbalula.
"Currently Hillside Aluminium proprietary limited will renew existing leases in the Port of Richards Bay for bulk storage silos facility.
"Their investment further supports the competitive existence of a downstream aluminium industry directly employing approximately 11 600 people permanently."
ALSO READ:
