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Expansion and Modernization of the Durban Container Terminal

Country
South Africa South Africa
Status
Approved
Area Of Operation
Transport Infrastructure Transport Infrastructure
Type
Non-Sovereign

Quick Facts

Financing Approval Date
May 28, 2018
Current Limit of NDB Financing
ZAR 3,500 million
Borrower
Transnet State Owned Company Ltd
Project Entity
Transnet State Owned Company Ltd

More About This Project

Durban is South Africa’s most important port and the main maritime gateway for the continent. Over the last decades the Durban Container Terminal (DCT) has seen rise in operations due to the expanding global containerized trade. However, it remains underdeveloped compared to its peers around the globe. The enhanced container handling facilities of the DCT are needed to increase volume of the international trade and support regional economic growth.

The Project primarily consists of procurement and installation of modern cranes and other cargo handling equipment.

The Project seeks to expand and modernize the DCT to achieve a shorter ship turnaround time, ability to handle larger vessels and an increased throughput. The Project will allow the DCT to handle larger vessels with gross tonnage of more than 100,000 tons or 9,000 TEUs (twenty-foot equivalent unit) capacity.

Overall Project implementation plan is Jan 2020 –2028.

The land-based works are site-specific and expect to have moderate environmental and social impacts. However, the Project may include seaside works, including dredging of berths and channels, which can represent elevated environmental and social risks. Hence, the Project is categorized as Category A in line with NDB’s Environment and Social Framework (ESF). Environmental and Social Impact Management Plan is developed for the Project to enhance community dialogue, improve transparency, and to fully comply with the country system requirements. Amongst other things, Transnet will be required to provide to NDB evidence of effective grievance mechanism, information disclosure and engagement with the community.

The total cost of the Project is estimated to be ZAR 12,000 million. Financing sources are as follows:

Source of Fund Amount (ZAR million)
New Development Bank
3500
Other financing sources
8500
NDB Borrower and Project Entity
Africa Regional Centre

Jasmin Jakoet

Tshifhiwa Mukwevho

 

Monicca Motloung

enquiries@transnet.net