Transnet has finally signed an R11 billion partnership with a Philippines-based port operator to expand and upgrade the Durban Container Terminal DCT Pier 2.
Two years ago, International Container Terminal Services Incorporated ICTSI won the contract to operate the continents biggest container hub over a period of 25 years.
Wednesdays signing of the deal comes after a Durban court ruling in October dismissed a challenge by one of the losing bidders.
