Transnet's plan to expand its Durban container terminal runs into problems with the rejection of EIA report it submitted on grounds that it failed to take climate change seriously.
Infrastructure Development Bill's target of fast-tracking project approval to within 250 days is a disaster waiting to happen, says University of KwaZulu-Natal professor of political economy Patrick Bond.
Research shows that project equity as a percentage of overall capital and project risk decreased when the government entity holds a minority equity stake.
Altron says its subsidiary Powertech Quadpro has secured R280m orders from companies in the infrastructure development and renewable energy sectors.
The National Home Builder Registration Council will investigate Jay Singh – owner of the Tongaat Mall that collapsed in Kwa-Zulu Natal last week.
Public Enterprises Minister Malusi Gigaba has officially launched the intake of a 1000 additional learner artisans at Transnet.
There seems little doubt that despite questions and some objections, the proposed new dig-out port on the site of the old Durban International airport will go ahead.
There seems little doubt that despite questions and some objections, the proposed new dig-out port on the site of the old Durban International airport will go ahead. Exploratory drilling on the site by Transnet is already under way ”what it calls early research into the geotechnical composition of the soil.
The big question is how much the new port is going to cost and how this is going to be funded.
The planning at this stage is that if the proposed dig-out port goes ahead, construction will start in 2016 and the first phase will ready by 2020, says Marc Descoins, Transnet\\\'s programme director for the proposed new port. That will cost R35bn-R40bn, in today\\\'s money.
However, that is only the first phase. There are four phases to the project, which once complete in 2040 could cost as much as R100bn. Inflation, local economic conditions and export demand could all affect the final price.
The final cost could vary, up or down, says Descoins.
If the total cost comes to R100bn, it is not part of Transnet\\\'s R300bn infrastructural budget under the revitalisation plan for the next seven years.
Much of the funding will have to come from the private sector. Transnet CEO Brian Molefe made that clear in Durban last week. We are looking at the option of partnerships and we are looking at a build, operate and transfer model. At the moment we are testing expressions of interest, he told a meeting with local community members.
But just how private-sector investment will be catered for is not clear. Transnet says it will own the land, so it seems a profit-sharing formula will have to be worked out for private-sector investors.
We are looking at a number of different funding models but nothing has been decided at this point. There are seven different work streams, one of which is funding. Descoins says he cannot name any private investors Molefe might have been talking to.
Given the long term of the project, a degree of vagueness is understandable at this stage. More clarity is expected when phase one construction is commissioned in 2020.