TPT expands port capacity in South Africa
Mr Karl Socikwa TPT chief executive while addressing the TPT/South African Chamber of Commerce and Industry annual business to business networking breakfast in Johannesburg said the company is currently creating capacity for coal mining activity spearheaded by Elitheni Coal, Steel Guru reports.
East London largely serves Mercedes Benz production facilities via car terminals operated by TPT. Port Elizabeth also in the Eastern Cape caters for General Motors, Volkswagen SA production lines as well as bulk commodities.
The company operates containers, cargo, car and dry bulk terminals in the country.
TTPT said it was also in talks with the agricultural sector and Department of Agriculture, Forestry and Fisheries to raise an additional ZAR 250 million needed to bolster a grain facility in East London.
TPT is spending ZAR 20 million out of ZAR 1.3 billion capital expenditure in its current financial year to enhance investment and service levels. Transnet transports maize and wheat to various Southern African countries.
Mr Socikwa said "The level of investment required in freight transport infrastructure needs public private partnerships. We can't sustain that on our own. The company had handled more containers in the year to date compared with the corresponding period a year ago. Volume performance has been strong in all major cargo categories.”
Transnet accelerated the acquisition of seven tandem lift ship to shore cranes for the terminal, which would be installed in the second half of next year. Mr Socikwa said plans were on track to expand capacity in the Ngqura Container Terminals. The planned expansion included the acquisition of container handling equipment.
The company also implemented a terminal operating system called Navis to modernize operations.
East London largely serves Mercedes Benz production facilities via car terminals operated by TPT. Port Elizabeth also in the Eastern Cape caters for General Motors, Volkswagen SA production lines as well as bulk commodities.
The company operates containers, cargo, car and dry bulk terminals in the country.
TTPT said it was also in talks with the agricultural sector and Department of Agriculture, Forestry and Fisheries to raise an additional ZAR 250 million needed to bolster a grain facility in East London.
TPT is spending ZAR 20 million out of ZAR 1.3 billion capital expenditure in its current financial year to enhance investment and service levels. Transnet transports maize and wheat to various Southern African countries.
Mr Socikwa said "The level of investment required in freight transport infrastructure needs public private partnerships. We can't sustain that on our own. The company had handled more containers in the year to date compared with the corresponding period a year ago. Volume performance has been strong in all major cargo categories.”
Transnet accelerated the acquisition of seven tandem lift ship to shore cranes for the terminal, which would be installed in the second half of next year. Mr Socikwa said plans were on track to expand capacity in the Ngqura Container Terminals. The planned expansion included the acquisition of container handling equipment.
The company also implemented a terminal operating system called Navis to modernize operations.
