The National Ports Authority (NPA), which is finalising a feasibility study for the development of the Yacht Basin and Craft Harbour precincts within the Victoria Embankment waterfront district in the Port of Durban, Kwazulu-Natal, has called on prospective developers to express interest in developing the area.

In December, the NPA, a division of parastatal Transnet, indicated that it was preparing for a possible tender phase in which private parties could be invited to bid for the development opportunity.

A statement on the NPA website said that the NPA, which was working in collaboration with Ethekwini Municipality, was looking to determine market appetite type.

The Victoria Embankment, also called the Esplanade, is one of the oldest streets in the city and consists of the Supreme Court building, modern sky-scrapers and the Bay of Natal, from Maydon Wharf with the sugar terminal in the west, past the yacht habour to the quais in the east