Oiltanking Grindrod Calulo and Transnet National Ports Sign BOOT Agreement

Transnet National Ports Authority has appointed Oiltanking Grindrod Calulo Holdings to construct and operate a new liquid bulk handling facility in the port of Ngqura, Eastern Cape region. The project is based on a ‘Build, Own, Operate and Transfer’ (BOOT) agreement that the two companies had concluded end of 2016 after Oiltanking had won the open tender process.

The concept engineering design as well as the topographical and geotechnical survey have been completed, and construction is due to commence in the fourth quarter of 2017, with commissioning planned for the third quarter of 2019.

The first phase of the liquid bulk facility will provide approximately 150,000 cbm of storage capacity. Future phases will provide for an additional 550,000 cbm of storage. The facility will service the oil majors, new entrants into the South African oil industry, and international traders – all supporting the local shipping industry.

CEO of Oiltanking Grindrod Calulo Holdings, Dirk Exalto said: “For Oiltanking, this will be its first holding in a South African terminal for petroleum products, while for Calulo, which is already involved in all aspects of the oil supply chain, it will be the first clean products terminal. Meanwhile, for Grindrod, the Ngqura liquid storage facility provides diversification into fuel storage and handling, and enhances its coastal tanker shipping business.”

For more information visit www.oiltanking.com and www.marquard-bahls.com

5th June 2017