TRANSNET National Ports Authority has awarded FFS Tank Terminals with a 25-year concession to develop and operate a liquid bulk terminal specialising in bunker fuels at the Port of Richards Bay.
In September last year, a Request for Proposals (RFP) was issued for the design, development, financing, refurbishment, construction, operation, maintenance and transfer of the liquid bulk terminal specialising in bunker fuels at the Port of Richards Bay at a site previously operated by Engen.
Transnet National Ports Authority (TNPA) said that the project marks the commencement of the SOC’s first brownfield project and is in line with the Richards Bay Port Master Plan, which seeks to increase the liquid bulk volume and revenue at the ports South Dunes Precinct. The terminal is expected to promote economic activity, job creation and skills development in the eastern region.
“The award of this concession marks a significant milestone in the lifeline of this brownfield project. TNPA is also very eager about the prospects of the concession, as the bunkering facility demonstrates our commitment to reposition our port as a dry bulk and liquified natural gas (LNG),” said Dennis Mqadi, TNPA port manager at the Port of Richards Bay.
FFS Tank Terminals is a Durban-based company with experience and competency in handling liquid bulk. The company has multiple manufacturing sites, storage facilities and tank farms across the country. FFS handles products including heavy fuel oil, liquefied petroleum gas, liquefied natural gas, coal tar fuel, and distillate fuel oil.
