R20bn Durban-gauteng Logistics Precinct Launches

1 Days(s) Ago    👁 114
r20bn durbangauteng logistics precinct launches

South Africas drive to modernise its freight network gained momentum with the launch of the R20 billion Insimbi Ridge Logistics Precinct during a sod-turning ceremony at Cato Ridge in KwaZulu-Natal on Monday.

The new development, located 52 km from Durban Port, will boost inland staging and intermodal capacity, relieving pressure on the port and N3 corridor. It will connect directly to the N3 and to the national rail network via a planned 1.7 km private siding from Cato Ridge Station and will have two truck-staging areas.

According to the developers, Assore SA PropCo, a wholly owned subsidiary of Assore SA Pty Ltd and the Rail Development Corporation RDC, the logistics precinct is the countrys first large-scale, privately funded inter-modal freight-corridor development. It has been designated as a provincial and municipal catalytic project and is expected to commence operations in 2027.

Disclaimer: We are a news aggregator. See full disclaimer here.