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Publish Date : 20-May-2017

Transnet National Ports Authority has selected Oiltanking Grindrod Calulo Holdings to build and and run 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) deal that the two companies had finalized at the end of 2016 after Oiltanking had won the open tender process.

The concept engineering design and the topographical and geotechnical survey have been concluded.

Construction is due to start in Q4-2017, with commissioning scheduled for Q3-2019.

Dirk Exalto, CEO of Oiltanking Grindrod Calulo Holdings, stated: 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.

Director East of Suez & Africa at Oiltanking, Jan Willem van Velzen, added: The project will create socio-economic benefits for the Eastern Cape (Nelson Mandela Bay Municipality) economy [] Besides generating local jobs during the construction phase of the project, the facility will provide permanent positions in the long-term. It will promote rural development due to skills development in the construction industry and will empower the local BBBEE businesses.

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