Transnet project yields results
A R200-million project to establish vessel repair facilities in the port of Port Elizabeth is finally starting to show a return on investment a year after its completion.
Work on the new facilities began in November 2014 and was concluded in June last year.
Transnet National Port Authority (TNPA) project manager Pieter-Ben van Rhijn said the project had since shown a return on TNPA’s investment.
“We have serviced more than 140 local and foreign fishing vessels since the completion of the [boat hoist] facilities in April 2016,” said Van Rhijn.
Port manager Rajesh Dana said the facility has tripled its annual income since the project’s conclusion.