New terminal partner upbeat about Durban port — if Transnet would just sign
12 October 2023 - 05:00
The delay by Transnet in finalising the contract for the partial privatisation of its flagship Durban port with a Philippines-based multinational port operator has raised questions about the state-owned logistics company’s commitment to attracting private sector participation in its ailing rail and port network.
Transnet has yet to sign a contract with International Container Terminal Services (ICTSI), the global player it chose almost three months ago as its partner to turn around the container terminal, which has been plagued by inefficiencies...
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