https://www.engineeringnews.co.za
Africa|Construction|Engineering|engineering news|Environment|Fabrication|Financial|Gas|Industrial|Logistics|Marine|Oil And Gas|Oil-and-gas|Ports|PROJECT|Projects|Services|Storage|Sustainable|Transnet|Environmental|Infrastructure
Africa|Construction|Engineering|engineering news|Environment|Fabrication|Financial|Gas|Industrial|Logistics|Marine|Oil And Gas|Oil-and-gas|Ports|PROJECT|Projects|Services|Storage|Sustainable|Transnet|Environmental|Infrastructure
africa|construction|engineering|engineering-news|environment|fabrication|financial|gas|industrial|logistics|marine|oil-and-gas|oilandgas|ports|project|projects|services|storage|sustainable|transnet|environmental|infrastructure

Saldanha Bay IDZ announces R3.5bn Phase 1 expansion project

6th May 2021

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Saldanha Bay Industrial Development Zone (SBIDZ) is embarking on the R3.5-billion first phase of an eventual seven-phase infrastructure investment project.

The first-phase 356 ha expansion is integral to national and regional infrastructure development and will also be the single largest project that government has launched in the Western Cape.

SBIDZ CEO Kaashifah Beukes says an environmental impact assessment for Phase 1 is under way, the results of which should be published by August next year. This follows market demand analysis, technical costing and designs and an economic assessment that have been concluded.

SBIDZ is South Africa’s first and only special economic zone (SEZ) that is located within a port and includes a freeport, or customs-controlled area regime. The port also happens to be the largest and deepest natural port in the southern hemisphere.

The SEZ’s cost-benefit analysis on Phase 1 of the project comprises indicative designs based on preliminary options analysis of an investor pipeline, economic and financial modelling and commercial modelling.

Beukes confirms that the SBIDZ has a pipeline of 52 investors, of which 11 have signed lease agreements, with an investment value of R3.2-billion, while 18% of the gross area has been leased. She reckons that investment could grow to R23-billion by 2030.

From the SEZ’s technical evaluation work, SBIDZ has determined that Phase 1 will focus on marine services jetties, a floating dock and ship lift facilities, since it will enable the centre zone of the port and Transnet National Ports Authority to offer a greater variety of services to local and international customers.

Four projects have been earmarked for the port’s South Western Precinct, Beukes explains, with a capital cost of R3.5-billion.

Beukes points  out  that  the  approach  to  catalyse  investment  towards  these  projects  is  to conceptualise them as a long-term partnership between government, its institutions and the private sector.

This transaction model has proven the best way to fund long-term assets in a competitive environment. The SBIDZ has begun the formal process of submitting this project to the Investment and Infrastructure Office (IIO) in the Office of  the Presidency, supported by the National Treasury, for inclusion in the Sustainable Infrastructure Development  Symposium South Africa.

The IIO coordinates and aligns the various structures responsible for economic and social infrastructure.

In light of this, the office is mandated to provide a collaborative platform that will bring together all stakeholders with a vested interest in infrastructure development, unlock regulatory and other bottlenecks, and accelerate decision-making for high-priority investments to be speedily and efficiently implemented.

Beukes tells Engineering News that Phase 1 of the infrastructure project will create about 10 000 jobs at the height of construction, while 6 000 jobs will be created in the operational phase.

"Our mission is to create an internationally-recognised zone catering specifically to oil and gas, maritime fabrication and repair, shipbuilding, fuel storage, logistics and related support services," she states.

The SEZ will continue to provide substantial additional socioeconomic benefits for the region, particularly as this new infrastructure takes hold in the freeport and increases the port’s capacity and competitive position to attract vessels, increase trade and all manner of supporting services and industry.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Magni SA
Magni SA

Magni SA is committed to developing the safest Telehandlers available to our customers for underground and surface mining, construction, forestry,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.078 0.135s - 163pq - 2rq
Subscribe Now