Transnet halts $505 million Durban port berths project over tender probeStaff Writer |
Africa Transnet operates nearly three-quarters of the African rail network
South Africa's Transnet said it would stop a 7 billion rand ($505 million) project to deepen berths at Africa's biggest container terminal in the port city of Durban until a dispute over the awarding of a contract is resolved.
The state-owned logistics firm said it would investigate the allegations made about the awarding of the contract. Transent did not provide details on what the allegations were.
"In the interest of good corporate governance, Transnet has decided to issue a stop work instruction on the Main Marine Construction Works contract pending the outcome of the investigation," Transnet said in a statement.
The project at the Durban port, which handles around 65 percent of South Africa's container cargo, was meant to include the reconstruction, deepening and lengthening of berths 203 to 205 to accommodate larger vessels. ■
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