The socio-economic impact of an inland container depot as part of a logistical hub in the Vaal

Abstract

As developing economies become increasingly integrated with the global economy, their governments must make such integration work for their development objectives. In doing so, there would be a critical role for public goods that cross borders in bringing benefits that would not materialise by domestic public goods alone. An example of this would be the envisaged inland container depot (ICD) which would be established as part of the proposed Vaal Logistical Hub (VLH), consisting of an international cargo airport, the Vaal International Airport (VIA) and an industrial development zone, the Vaal Industrial Development Zone (VIDZ). This study has shown that the VlCD as part of a logistical hub would create more than 40 000 jobs and would increase household income by more than R 1 billion in the Vaal region.