Choice of Billionaire Razon as South Africa Port Partner Is Challenged
- Rival bidders seek to know basis for ICTSI’s selection
- Transnet awarded right to operate container terminal in July
Enrique Razon
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
South Africa’s selection of Filipino billionaire Enrique Razon’s harbor firm as a partner to revive sub-Saharan Africa’s biggest container port is being questioned by losing bidders.
Companies that lost out to International Container Terminal Services Inc. for the right to buy almost half of the main container terminal in the southeastern port city of Durban and operate it for 25 years have demanded to know why it won the deal.