Namakwa District Municipality Investment Prospectus

17
INVESTMENT OPPORTUNITY
BOEGOEBAAI DEEPWATER PORT
The project to create
a deepwater port
at Boegoebaai
is aligned to the
Boegoeberg
Special Economic
Zone and is being
conducted under
strict project management
guidelines.
The deepwater port project
is the biggest greenfield project
in the Northern Cape in 26 years and promises great economic and
social benefits.
PROJECT LOCATION
Boegoebaai is 20km from the South Africa / Namibia border in the
Richtersveld Local Municipality.
PROJECT ADVANTAGES
• Proximity to mining and agricultural sector activities
• Short distance from coast to deep water
VALUE PROPOSITION
The port will be in a position to export many of the resources and
products of the Northern Cape that previously had to be transported
over great distances by rail or road. High-value minerals and
beneficiated products from the mining industry will be exported,
as will high-quality crops and agricultural products. Products
from the Industrial Corridor running west into and beyond the
Northern Cape can potentially all be exported. In addition, new
products such as green ammonia, produced with the Boegoeberg
Special Economic Zone, will be exported close to source.
TARGETED SECTORS
• Export
• Maritime
• Logistics
ECONOMIC IMPACT
An investment into the project of R16.8-billion is estimated to have
the following effects:
• Economic internal rate of return of 44%
• Net present value of R44-billion
• Economic cost benefit ratio of 2.46
JOBS
During construction 2 971 jobs will be created. There will be 400
jobs in the operational phase and a further 13 819 indirect and
induced jobs will be created.