South Africa’s Transnet to Buy Site of Former Durban Airport
26 April 2012
Bloomberg BusinessWeek - 25 April 2012
Transnet SOC Ltd., operator of South Africa’s ports and railways, will acquire the site of the former Durban International Airport to build a new port, Transport Minister Sibusiso Ndebele said.
The project forms part of a government plan to improve transport links between the eastern port city and Gauteng, the country’s central industrial area, by 2050. Other key initiatives announced by Ndebele today include the construction of a dry port at Cato Ridge near Durban and the extension of commuter rail services to the town of Pietermaritzburg some 68 kilometers (42 miles) east of the city.