Ngqura petroleum trading hub project enters second phase
Port near Port Elizabeth is third busiest in SA and when fully operational will be an African trading hub
Progress is being made to establish the Port of Ngqura as the new petroleum trading hub for Southern Africa, with the second phase of the project expected to kick off at the beginning of November. The Port of Ngqura, which was officially opened in 2011 by former president Jacob Zuma, surpassed that of Port Elizabeth as the third busiest container port in the country. In a statement published this week, Transnet National Ports Authority (TNPA) said the completion of the first phase included the development of infrastructure to service the new Oiltanking Grindrod Calulo Holdings (OTGC) Tank Farm site. This included the construction of a new access road from the N2 to where the OTGC Tank Farm will be built as well as the completed design of the new port entrance plaza. The plaza and the new access road, includes the service pipeline that will form the necessary link between the OTGC Tank Farm and the port. OTGC is a majority South African-owned level 1 black- empowered BEE joint ventur...
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