BOOT Agreement Signed

Transnet National Ports Authority (TNPA) appointed Oiltanking Grindrod Calulo Holdings to plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura. This Build, Operate and Transfer (BOOT) agreement was concluded in December 2016, after an open tender process.
Construction is due to commence in the 4th quarter of 2017, with commissioning planned for the 3rd quarter of 2019.
Phase 1 of the liquid bulk facility will provide approximately 150 000 cbm of storage capacity for refined petroleum products and will replace the tanks currently in use in the Port of Port Elizabeth, which will be decommissioned and the land redeveloped. This is in line with Port Elizabeth’s plans to clean up the terminal facilities and develop the commercial and tourism sectors.
Future phases will provide for an additional 550 000 cbm of storage capacity and handling. The new modern facility will service the oil majors, new entrants into the South African oil industry as well as international traders, all supporting the local shipping industry.
For Oiltanking, it will be its first holding in a South African fuel terminal, whereas for Calulo, being involved in all aspects of the oil supply chain, it will be its first clean products terminal.
For Grindrod, the Ngqura liquid storage facility provides diversification into fuel storage and handling and aligns with its coastal tanker shipping through Unicorn Tankers.
Oiltanking Grindrod Calulo Holdings,
Dirk Exalto,
Tel: (021) 401-5162,
Email: dirk.exalto@oiltanking.com,
www.oiltanking.com