Go ahead is given for new King Shaka air terminal.

Posted On Friday, 21 February 2003 10:01 Published by
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The KwaZulu-Natal government is going ahead with the development of a new international airport north of Durban.
Durban - The KwaZulu-Natal government is going ahead with the development of a new international airport north of Durban.

The provincial department yesterday announced the appointment of financial transaction advisers PricewaterhouseCoopers (PwC). Private sector bidders for the construction of a passenger terminal and other infrastructure are expected to be invited in six months time.

Roger Burrows, the KwaZulu-Natal MEC for economic development and tourism, said: 'We are at the point where the people of KwaZulu-Natal will say this project is now for real.'

The new R1.7 billion King Shaka International Airport will not only have better facilities for international passenger carriers than the current city airport, but as part of the Dube TradePort, which will be an industrial development zone, it will provide information technology and telecommunications infrastructure to manufacturing and logistics companies.

This is the first time an international airport has been developed outside the Airports Company of SA (Acsa) stable.

But the land on which the new Dube TradePort will be developed belongs to Acsa and communications will soon commence on the sale of the land to the provincial government.

In terms of the financial contribution to Acsa's R1.2 billion revenue for the year ended March 2002, Johannesburg International contributed 67 percent, Durban contributed 8 percent and Cape Town contributed 19 percent.

The relocation of Durban International to La Mercy, which has been on the the drawing board for 30 years provides ample fodder for sceptics.

But a bevy of advisers now appointed under PwC's umbrella suggests the provincial government is serious about making this happen.

Along with advisers PwC, London-based Steer Davies Gleave, which will take responsibility for the traffic and revenue work stream and the economic cost benefit analysis, has been appointed.

The export market potential will be undertaken by international consulting firm Kaiser Associates.

Bongani Gigaba of Iklwa Structured Financial Products will be the chief economist.

EC Harris will lead the technical work stream, while TPS Consultants of the UK will take responsibility for the planning and design elements.

Alan Grey will provide support to EC Harris and Durban-based law firm Siwendu Ngakane & Partners will perform the legal analysis.

PwC will develop an optimum model for public-private sector partnership, which will be presented to national and provincial government in six months.

Publisher: Business report
Source: Samantha Enslin

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