Transnet National Ports Authority has selected FFS Tank Terminals as the preferred bidder to upgrade and run a liquid bulk terminal at the Port of Cape Town under a 25-year concession.
The terminal focuses on edible oils and similar cargo and sits on about 6,289 square metres in the Liquid Bulk Precinct. The project is valued at around R102 million, covering both capital and maintenance. FFS Tank Terminals will fund, build, operate and maintain the facility before handing it back to TNPA at the end of the concession. The work will include strengthening storage tanks and reusing the existing import pipeline for vegetable and edible oils. The company will also repurpose the Nautilus facility and upgrade the gantry and receiving systems. After these upgrades, the pipeline will be able to handle additional cargo such as caustic soda lye and monoethylene glycol, improving the flow of vegetable oils and speciality chemicals through the port.
Dr Dineo Mazibuko said the upgrade supports TNPA’s move to diversify in response to changing market needs. She noted that it will help secure the supply of industrial and food-related products while allowing for the import of speciality chemicals. She added that the project will support economic stability and make better use of port infrastructure.
This development comes after TNPA completed the Section 56 process under the National Ports Act of 2005.
FFS Tank Terminals is a Level 1 B-BBEE contributor with more than 20 years of experience in liquid bulk terminal operations. The company runs several manufacturing sites, storage facilities and tank farms across the country and continues to invest in local suppliers and skills development.
source:maritimafrica.com
African Maritime Council