The Durban high court has dismissed a bid by Maersks APM Terminals to put a stop to Transnets R11bn deal with Philippines-based International Container Terminal Services ICTSI for the privatisation of Durbans Container Terminal 2 DCT2.
While APM a runner-up in the tender process had secured an interdict, stopping the implementation of the tender, it then sought to review the process to set aside the award of the 25-year concession. The case was heard by judge Mahendra Chetty earlier this year.
On Friday he handed down his judgment, dismissing the review but ordering the parties to bear their own costs.