Public Enterprise Minister, Pravin Gordhan, says by October Transnet will have issued Requests For Information (RFI) to test market appetite for the building of the Durban container terminal port which is expected to cost R100 billion.

Gordhan says two other RFIs will be issued in the next 24 to 48hours for the building of point terminals in Durban and Ngqura in the Eastern Cape.

Gordhan says the investment plan is part of the overall Transnet reforms which saw the National Ports Authority falling under Transnet as an independent subsidiary as announced by President Cyril Ramaphosa in June.

Gordhan was addressing a virtual media briefing today.

“And that will be a huge infrastructure investment in respect of the Durban port. The second key reform area is exploring the potential for investment in the port terminal in Durban and in Ngqura port in the Eastern Cape. And today, two RFIs or requests for information will be issued by Transnet in respect of the second aspect of the reforms.”