High Court Ruling on Transnet's Contract Choice
The Durban high court has ruled in favor of Transnet's decision to award the contract for the upgrade and management of Durban Container Terminal 2 to International Containers Terminal Services Inc (ICTSI).
Judge Mahendra Chetty determined that Transnet acted without prejudice to APM Terminals, which is controlled by Maersk, and had previously attempted to interdict the contract award.
- Transnet's choice of ICTSI as the preferred bidder for the 25-year concession was upheld.
- The ruling is a significant boost to Transnet's plans for the terminal's upgrade and management.
No comment from Transnet or ICTSI was provided in the ruling.
In other news, companies are increasing spending on safety due to rising threats of physical violence, and Novo Nordisk has warned against buying unapproved drugs.
Author's summary: Transnet's contract choice backed by court.