The site for the development is located less than 1km southeast of the CBD.
The programme is expected to revitalise neglected towns along the KZN, Eastern and Northern Cape coasts.
The final phase of the concessionaire selection is expected to conclude in the fourth quarter of 2026.
Work apparently began in April with the building of a dock and subsequent land clearing.
The company produces medium-voltage power cables and a range of optical fibre cables.
Creecy says government is ‘moving with speed’ to modernise the Pier 2 container terminal after winning court case.
KZN Premier Thami Ntuli highlighted the urgency of building the line to connect the country’s major industrial hubs.
The construction of the new quay paves the way for a waterfront development that will boost the tourism sector.
The agreement includes a revamp and upgrades of infrastructure to ensure security of supply.
The initiative will focus on co-financing and preparing bankable projects in key sectors.
The Bayvue entrance remains closed during construction, with truck access through West Gate on Urania Road.
