News 24.com reports that President Jacob Zuma on Friday moved to inject energy into South Africa’s infrastructure plan when he officially opened the new multi-billion rand Port of Ngqura, situated outside Port Elizabeth, in the Eastern Cape. The National Ports Authority (NPA) of South Africa is investing R3.2 billion in the project.
Ngqura (Coega) is located to the North of the city of Port Elizabeth and approximately 15 minutes drive from the CBD.
Port Elizabeth is the hub of South Africa’s motor industry with the recorded history of General Motors that assembled the first vehicles here. Now the city is becoming a major logistics centre as well. This all bodes well for development in residential property in Port Elizabeth.
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