Dube TradePort’s International Trade Avenue Launch
Tuesday, May 26, 2015
In a move geared towards bolstering its existing investments, which to date exceed R1-billion, Dube TradePort officially opened the International Trade Avenue yesterday, 26 May 2015. The International Trade Avenue is a 3.25 km dual carriageway worth R200-million, which was officially opened by the MEC for Economic Development, Tourism and Environmental Affairs, Mr Michael Mabuyakhulu. The road marks an important milestone for Dube TradePort’s implementation of its industrial development strategy for the next 20 years.
The new road will provide capacity for traffic volumes moving through the precinct. Moreover, this road enables the next phases of Dube TradeZone developments to come on-stream, by opening up new land parcels in Dube TradeZone 2 and 3 for investment. Investment that will ensure sustained growth for Dube TradePort as well as sustained job creation for the people of KwaZulu-Natal.
In launching International Trade Avenue, Mr Mabuyakhulu said, “Today’s launch of the International Trade Avenue further testifies to the government’s unshakable commitment to investing in infrastructure which is crucial to growing the economic output of our province; the construction activities here have created some 440 jobs and further added R 10 million to SMME's who were involved in the project.”
Dube TradePort Chairperson, Dr Bridgette Gasa, said, “The road is a full dual carriageway and developed in line with Dube TradePort’s 50 year master plan, catering for all long term requirements including rail and public transport as well as the future aircraft cross taxiway. The road will provide the major northern spine of the Dube TradePort SEZ development and will unlock TradeZone phases 2 and 3, which total 120 hectares, which is expected to accommodate in excess of R10 billion investments. In keeping with sustainable development the road design and construction ensured that highly sensitive areas of wetland were preserved and has been incorporated in the eThekwini’s Municipalities Northern Urban Development Corridor.”
Other high profile investment brands that have already invested in Dube TradePort include:
• Shree Property Holdings;
• Reelin Bearings;
• Ukuphanta Holdings;
• DB Schenker;
• Laser Junction;
• Gift of the Givers;
• iDube Cold Storage; and
• GT Logistics.