The NAD3bn (US$302m) project would increase the port’s annual container handling capacity from its current 350,000 teu to around 1m teu. Construction work could start by the end of this year.
The port authority is also planning a further NAD30bn (US$3bn) North Port development as a gateway to the landlocked 15-nation Southern African Development Community, (SADC), stretching from South Africa to the Democratic Republic of Congo in the north.
This second project, to the north of Walvis Bay, would initially involve the development of a gas and oil off-loading jetty and storage facility next year, with a 100m tonne dry bulk cargo terminal possible later. It could also include a passenger terminal and a ship and oil rig repair yard.