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The City of Cape Town is calling on State-owned Transnet to accelerate efficiency improvements at the Port of Cape Town after the World Bank Container Port Performance Index ranked it last among global container ports. The city says a more efficient port could unlock about R6-billion in additional exports, support nearly 20 000 jobs and generate more than R1.6-billion in tax revenue, and it supports greater private-sector involvement to bring investment, expertise and innovation into the system.
Transnet prepares three major rail and port concessions for 2026Transport Minister Barbara Creecy says Transnet is preparing to release request-for-proposal documents for three large private-sector participation projects in 2026, including the Richards Bay Dry Bulk Terminal, the Ngqura manganese export corridor and the container corridor linking Johannesburg and Durban. Transnet CEO Michelle Phillips says the entity is transitioning from recovery mode to executing bankable, long-term transactions, though challenges remain around asset reliability, funding, security and procurement costs.
European Investment Bank extends €350-million loan for port and rail modernisationEIB Global has extended a €350-million loan to Transnet, supported by a €21-million EU grant, to finance the renewal and rehabilitation of port and freight railway infrastructure and support the development of assets critical to building a green hydrogen value chain. The investment is expected to reduce emissions and freight costs, improve transport efficiency and strengthen South Africa's connectivity and competitiveness as part of the country's Just Energy Transition Investment Plan.
Ports Updates
The City of Cape Town again calls for State-owned Transnet to accelerate initiatives to improve efficiencies at the Port of Cape Town. South Africa cannot afford a port that underperforms, and all...
Transport Minister Barbara Creecy reports that Transnet is preparing to release request for proposal (RFP) documents for three large private sector participation (PSP) projects in 2026, including...
The current recovery process at Transnet must be seen as a transition period, with the rail and port entity’s long-term goal being to reach a state of reliability and sustainability, says Transnet...
Multilateral finance institution the European Investment Bank’s (EIB’s) development finance arm EIB Global has extended a €350-million loan to State-owned transport and logistics company Transnet....
South Africa’s road, rail and port networks remain under strain, with each part of the system facing operational and infrastructure challenges. Roads continue to carry most freight as rail...
Multilateral finance institution the European Investment Bank’s (EIB’s) development finance arm EIB Global has extended a €350-million loan to State-owned transport and logistics company Transnet....
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