Oiltanking Grindrod Calulo has been selected to part fund, construct, maintain and operate a large liquid storage facility in the Port of Ngqura.
The facility, which is due to be completed in 2019, will create a new tank farm for the Eastern Cape when the existing lease for storage at the Port Elizabeth harbour ends.
According to local media reports, petroleum, diesel, jet fuel, LPG and illuminated paraffin will be transported to the Port of Ngqura via ship and piped to the tank facility prior to being distributed for local and global re-export.
The project will be co-funded by Transnet National Port Authority (TNPA) and Oiltanking for almost ZAR6 billion.
Construction is due to start in September and will continue until June 2019. It is due to be operational in August 2019.
TNPA chief executive Richard Vallihu is reported as saying: ‘It will provide storage and marine infrastructure to support the overall petroleum demand projections for South Africa.’