Cabinet has approved the decision to direct the Transnet National Ports Authority to license Transnet Port Terminals to operate the Port of Ngqura for an interim period of three years.
Cabinet took the decision at its meeting on Wednesday, saying it was “subject to Transnet National Ports Authority beginning a competitive process for the licensing of the Port of Ngqura in accordance with the National Ports Act”.
The decision means that the way is now clear for the official launch of the Ngqura Port that is expected to take place before the end of this year.
The Port of Ngqura has been designated as the country's premier transhipment hub.
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