Durban Container Terminal Berth Reconstruction Project (South Africa) (NDB-durbancontainertermin)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 28, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Transnet State Owned Company Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 643.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jul 10, 2018

Disclosed by Bank Jun 26, 2018


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Project Description

The objective of the Project is to support the development and rehabilitation of a maritime and onshore infrastructure of the Durban Container Terminal. In particular, the Project seeks to expand and modernize existing facilities, to permit an improved mode of operation and to develop an infrastructure that fits the global shipping industry trends.

The successful implementation of the Project will allow the Durban Port to accept larger vessels with gross tonnage of more than 100,000 tons or 9,000 TEUs (twenty-foot equivalent unit) capacity. The existing three berths of the Durban Container Terminal will be lengthened and deepened to create additional slots for berthing of larger container vessels.

Investment Description
  • New Development Bank (NDB)
Private Actors
Contact Information

*Contact information not provided at the time of disclosure*