By Alwonia Izaaks
THE N$4.2 billion Walvis Bay logistic hub funded by the African Development Bank has reached 76 percent of its completion stage and is scheduled to be completely finalised by end of this year.
However, minor finalisation work to the container terminal at the port is expected to into 2019.
This announcement was made by Namibian Ports Authority (Namport) chief executive officer Bisey /Uirab recently.
The project is one the largest infrastructural developments in the country and will house a modern container terminal built by creating new land, about 40 hectares, from the ocean, known as dredging and reclamation.
This expected to ensure fast, safe and reliable transhipment of containers.
According to a project progress sheet the Port of Walvis Bay is ideally located to accelerate the growth of Namibia and the SADC region as a whole by providing an entryway to the region, thus serving as a logistics hub.
“Also through this new project many unemployed individuals are taken care of, as direct, new jobs are created,” it reads in part.
“The target value of jobs created for the previously disadvantaged Namibians was valued at 229 000 men and up to date 401 340 have been accumulated.
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