Otavi Truck Stop, Industrial and Logistic Hub
Namibia’s trade with neighbouring countries is facilitated and marketed by the Walvis Bay Corridor Group, and is dominated by road transport. Although rail connections are planned with various neighbouring countries, the only current rail link is with South Africa. Otavi is located where the Trans-Kunene and Trans-Caprivi Corridors diverge, leading to Angola and Zambia, respectively. The town has a high traffic flow truck stop which could become a transhipment hub for cargo to and from Angola and Zambia.
The Otavi Truck Stop, Industrial and Logistic Hub is envisioned to cover approximately 27 hectares. The facility will provide warehouses, fuel station, truck port, cold storage, weighbridge, liquefied petroleum gas (LPG) and refined oil product depots, banking facilities, service workshops, accommodation inclusive of showers and other eatery facilities as well as a dry dock terminal for containers.
Project Timeline Summary
Most required steps such feasibility study, land allocation, EIA, approval by local authorities and utility service providers are completed. Drawings and sketch plans, as well as the development cost for the Truck Stop, Industrial and Logistics Hub, are available. In August 2016, the process for PPP and further government exposure commenced. The project is ready to start once the financing deal is closed.
USD51 million or NAD688.1 million.
(NAD : USD= 13.5)
Deal structure to be determined.
• Total building cost of Truck Stop NAD1,938,316
• Infrastructure CAPEX of Truck Stop NAD19,952, 060
• Cost for Phase 1 Industrial and Logistics Hub NAD666,208,619
• The land is valued at USD1 million or NAD13.5 million
Mr. Samson Muhapi
Atlantic Tradeport Holdings (Pty) Ltd
Mobile: +264 81 710 0061
Sungate City: Mixed-Use Property Development
Namibia has the potential to be the transport and logistic hub of the Southern Africa as it strategic location also means that it is poised to be the new gateway to the rest of the continent.
Sungate will be directly connected to the port of Wlvis Bay and hence to the network of overland transport corridors throughoput Southern Africa.
Moreover, the Trans-Kalahari Highway provides a direct link to key parts of the African continent. This ties in well with the country's plans to develop its transport and logistics sector.
The envisaged Sungate Citywill become the centre point for airport and transport-related sectors, global business and tourism growth. It will cater for various industries such as commercial, retail, residential, leisure and light industrial development which are currently unavailable at Hosea Kutako International Airport.
The preparation of the project started in July 2008. To date, most required steps such as EIA approval by local athorities and utility service providers are completed. In August 2016, the process for PPP and further government exposure commenced.
The land is valued at USD 8,6 million (NAD12 billion). Total project cost: USD 24.5 million (NAD 350 million).
Funding split: (SD million)
Namibia shareholders Equity 7
Debt Finance 3.5
Financial Gap 14
Accolade Properties Namibia can offer proclaimed town land as equity in financial deal.
Mr. Geon Ellis
Accolade Properties Namibia
Tel: +264 61 222 891