Sunday, April 18, 2010

Durban Looks to Unload Old Airport

Durban's new King Shaka International Airport is set to open for operations on May 1. When it opens, the city's old airport will no longer be needed, so the Airports Company South Africa is looking to sell the land. But how long it takes could impact how long it takes for the city to recoup the money it invested in building the new airport, which is expected to see significant traffic during the World Cup.

From May 1, Durban will be served by the new King Shaka International Airport at La Mercy, built at a cost of R7bn.

Melomoney said the sale of the old site was dependent not only on Acsa, but on the national and provincial governments. Both Acsa and the government have previously stated they will not sell the old Durban airport to anyone who is going to operate it as an airport, as that would provide competition to the new airport.

Durban airport put up for sale
Fin 24
April 16, 2010