Cape Town to be upgraded to expand container capacity

9/25/2007 10:31:11 AM

SOUTH African state-owned logistics group Transnet plans to spend 4.2 billion rand (US$596 million) to upgrade infrastructure at the port of Cape Town, the second largest container facility in the country, to meet fast-growing trade volumes that have stretched capacity, Reuters reports. The project, which is part of the company's five-year 78 billion rand capital spending programme, should start in 2008. South Africa's busiest port of Durban is also being upgraded and a new container terminal and industrial zone named Coega is being built near the southern coast city of Port Elizabeth.   Asian Shipper News

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