Transnet seeks proposals for liquid-fuels terminal in Durban
TRANSNET has issued a request for proposals to design, finance, build and operate a liquid-bulk terminal to handle petroleum products at SA’s biggest port as a shortage of refining capacity is expected to spur growth in imports.Bidders must be at least 51% owned by black citizens to qualify to participate in the 25-year concession at the Durban port, the state-owned rail and ports operator, said in a document posted on the Treasury’s website. Bids need to be submitted by January 27.The continent’s most-industrialised economy plans to build fuel terminals as demand for storage in Africa grows. Chevron, which is selling its South African assets, had objected to plans for more storage facilities to hold fuel imports. The country is also working toward being able to handle cleaner fuels that have lower sulphur content.Estimates on the cost of upgrading terminals to work with the new specifications range from $2.7bn to $7bn. It is unclear how this will be paid."Based on the current growi...
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