Construction of a planned N$4 billion (€306.1 million) bulk fuel storage facility in Namibia is due to begin in March, according to reports.
The Namibia Petroleum Corporation (Namcor) is in charge of the project, located at Walvis Bay, which will include a 75-million-litre oil storage facility, petroleum pipelines, an oil tanker jetty and buffer pump station. Namcor will also operate the facility, due for completion by mid-2017.
Once complete, the facility will reportedly increase Namibia’s total storage capacity from 14 days’ worth to 30 days’ worth. It will be the first bulk fuel storage facility in the country to be 100% owned by the government.
The tender for the construction of the facility was awarded to a joint venture company that includes the Roads Contractor Company (RCC) and China Harbour Construction Engineering Company (CHCEC).