From General Motors to Ngqura (Coega)

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.

Declaring the project officially opened, a proud President Zuma said: “This will indeed end the notion that the Eastern Cape and Ngqura have been ignored. That speculation now needs to go away.”Eastern Cape Premier Noxolo Kiviet said the port would place the Eastern Cape at the centre of the logistics thrust of South Africa and was crucial in changing the face of the region in the next 50 years.”The port is said to be the deepest container terminal in sub-Saharan Africa and will accommodate the new generation of giant container ships that regularly visit the country’s shores. State freight logistics group Transnet has for the past 12 years been hard at work building the port, which forms part of the Coega Industrial Development Zone.”

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.

Louis Louw, from Independent Property Consultants (IPC) is a professional real estate principal with solutions to all your property needs.

 

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