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50% progress made on container terminal construction

Fri, 2 June 2017 15:03
by Rodney Pienaar
Business

Over 50 % progress has been made on the construction of the new container terminal at the harbor town of Walvisbay, the Corporate Communication Manager at Namport, Tena Pesat told The Villager this week.

According to Pesat, the new container terminal is to support the growth of and Namibia’s economy, as Namport has to upgrade continuously. “These upgrades have seen the inception of container terminal expansion. This will support container bulk storage operations required to meet Namport current and future demands.

“The Port of Walvis Bay is ideally located to accelerate the growth of Namibia and the SADC region as a whole by providing a gateway to the region thus serving as a logistics hub,” Pesat said. She further added that the new container terminal is valued at N$4 billion and a N$3 billion loan from the African Development Bank (ADB), commence in May 2014.

The Villager understands the the main contractor of the project is the China Harbour Engineering company and the reclamation process took place in September 2015 and 40 hectares of land was reclaimed. Once the project is completed it is expected to increase the current Twenty – Foot Equivalent unit (TEU), capacity from 350 00 TEUs to 750 00 per annum. For the fi nancial year ended the containers handled at Namport are 205 991 TEUs the Acting Commercial Senior Manager, Elias Mwenyo revealed.

“The total container volume through put increased marginally in comparison to the previous fi nancial year by 0.6 percent, despite the sluggish global economy. “However, bulk imports in particular, wheat and grain destined for Namibia recorded a high growth indicating a record performance of 64% increase compared to the previous period.

“Sugar imports in two– ton bags also followed with an unprecedented performance of 51% increase with fuel imports showing a slight increase of 4% compared to the previous period March 2015 to April 2016,” Mwenyo said. He further noted that Sulpharic acid imports recorded a decline of 16% attributed to sourcing of this product from local supplier and with regards to the export of Namibian produced commodities, bulk salt and bagged salt presented a 10 and 100% growth respectively.

The Villager understands that all reasons point to the acceptance of this products in new and traditional markets internationally. Consequently, to this positive performance Namibian enterprise absorbed in the supply chain of these respective industries collectively benefi ted exponentially through opening wider opportunities and contributing to the Namibian GDP. Once completed, it will comprise of a working harbour, local heritage which will revitalize urban development and tourism.

At the Marina area the type of ships that will dick are yatch, sail ing boats, ski boats and small fi shing boats. Residential and commercial zones will be carved out to serve the residents of Walvisbay and visitors. The new development will benefi t the tourism sector and provide more focus on the commercial activities at the waterfront and job opportunities will be created in areas of retail, tourism and commercial job facilities, The Villager learnt.