Walvis Bay Container Terminal to boost regional integration
10 Oct 2018 15:00pm
WINDHOEK, 10 OCT (NAMPA) The new Walvis Bay Container Terminal will significantly boost the African Development Bank (AfDB)s work in regional integration and improving the lives of Africans, AfDB said.
In a report published on its website last week Friday, the bank said poverty alleviation in the Southern African Development Community (Sadc) would improve due to better port efficiency and larger volumes of cargo for more trade, which would create more job opportunities and capacity development.
This will lead to inclusive growth and economic transformation, it said, noting that the Bank aligned with the Namibian Government ambition to increase the capacity and efficiency of the Walvis Bay Port to the growing freight demand in the region.
The new port will serve as the logistical backbone for several industries in the region, and is expected to lead to more and sustained trade between SADC and the rest of the world.
The AfDB gave Namibia a loan of N.dollars 2.98 million in 2013 for the container terminal which is expected to increase the container handling capacity from the current 355 000 twenty-foot equivalent units (TEUs) to up to 1 005 000 TEUs.
NamPorts Executive for Ports Authority and Project Manager of the new container terminal, Elzevir Gelderbloem told Nampa upon enquiry on Tuesday, construction progress of the new terminal stood at 88 per cent completion.
The exact date for completion has however not been confirmed, but major works are expected to be completed by the first quarter of 2019 with commissioning soon after, he said.
Construction of the terminal began in May 2014 with major works including the commissioning of four new Ship-to-Shore container cranes.
The new port will be connected to the existing ports road and rail networks as well as communication systems.