Cape Town liquid bulk terminal earmarked R195m for refurbishment with renewed concession
Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminals as the preferred bidder to refurbish and maintain a liquid bulk terminal at the Port of Cape Town’s liquid bulk precinct.
FFS will operate the terminal for a 25-year concession period, which is poised to improve overall volume throughput.
The company is an existing terminal operator at the port’s liquid bulk precinct, bringing more than 20 years of experience and expertise in the liquid bulk sector, particularly handling products such as heavy fuel oil and edible oils.
The new concession agreement will result in an investment of R195-million into the facility, enabling terminal infrastructure refurbishment and upgrades that will enhance operational efficiency.
“The selection of FFS as the preferred bidder solidifies TNPA’s commitment to ensuring continued liquid bulk operations and security of supply, coupled with growing port capacity and volume throughput.
“This transaction will not only support economic growth and development at the Port of Cape Town but will also stimulate the local economy through commitments made by the bidder such as job preservation, employment creation, local supplier development, as well as skills development,” says acting port manager Ophelia Shabane.
TNPA is implementing a phased approach with the appointment of terminal operators for the Port of Cape Town’s liquid bulk precinct.
While all the terminals are currently operational in the precinct, more terminals are anticipated to undergo the concession process in the new year, in compliance with the open and transparency requirements of the National Ports Act.
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