Transnet And Coega Development Corporation Collaborate To Accelerate Infrastructure Delivery

Transnet SOC Ltd (“Transnet”) has announced that Transnet National Ports Authority (TNPA) has appointed the Coega Development Corporation (CDC) as the implementation agent for the migration of manganese terminal to the Port of Ngqura Liquid Bulk and Manganese Export Terminal.

The CDC is the infrastructure implementing agent of choice in South Africa, working closely with government and state-owned companies to enhance the state’s capacity in the implementation of complex and mega infrastructure programmes. Currently, the CDC manages portfolios for itself and various public sector clients, with a portfolio of infrastructure projects to the value of approximately R5.3 billion.

The CDC and TNPA are working to implement the terminal relocation projects, mainly the current operational Liquid Bulk and Manganese Terminals in Gqeberha at the Port of Port Elizabeth, within appropriate and realistic timelines.

The CDC has been tasked to facilitate the construction and operationalisation of the Ngqura Liquid Bulk and the Ngqura Bulk Manganese facility. These facilities would be developed under the purview of Transnet, to assist and support their operationalisation.

The CDC’s role will include the review of the design and scope of the work to ensure that modern, state of the art terminals are designed to operate in accordance with world-class environmental standards and ensure their sustainability, in response to market needs.

The current locations of the Tank Farm and the Manganese Terminal at the Port of Port Elizabeth are in areas that in future will be part of Phase 2 of the proposed Waterfront Development, and an Automotive Terminal which aligns with the FORD SA R15.8 billion investment which requires exporting Fully Built Automotive Units (FBUs) through the Port of Port Elizabeth from the Tshwane Special Economic Zone, which is currently under construction. The latter project is also being implemented by the CDC, which demonstrates the capability of the organisation in solving complex national projects.

These much-anticipated developments in the Nelson Mandela Bay Metropolitan Municipality will contribute towards the facilitation of economic transformation through job creation and SMME development, as well as add to South Africa’s strategic intent to position itself as a world-class investment destination.

The Implementing Agent Agreement with the CDC will see TNPA also receive technical support, delivery services and systems for the overall delivery of port infrastructure. The collaboration will also assist to develop other National Strategic projects including the Gas-to-Power project, Slops Operations, Bio-Fuels manufacturing and related logistics solutions.

This mutually beneficial agreement between Transnet and the CDC is expected to have a notable multiplier effect on the economy of the country, for the benefit of the local community, society and the business sector at large.

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