The Transnet National Ports Authority (TNPA) has named FFS Tank Terminals (Pty) Ltd as the preferred bidder to acquire, operate, maintain, refurbish, construct, and transfer a R195 million Liquid Bulk Terminal at the Port of Cape Town.
TNPA announced the decision in a statement, noting that FFS Tank Terminals had been appointed via the port authority’s concession process outlined in Section 56 of the National Ports Acts No. 12 of 2005. The terminal will be situated at the port’s Liquid Bulk Precinct, and FFS will manage it under a 25-year concession agreement. FFS Tank Terminals, a Level 1 B-BBEE contributor, brings over 20 years of expertise in the liquid bulk sector, specialising in handling products such as heavy fuel oil and edible oils.
Liquid Bulk Precinct
The R195 million investment will fund infrastructure refurbishment and upgrades, boosting operational efficiency. The project promises job preservation, employment creation, local supplier development, and skills development, stimulating the local economy.
The concession is part of TNPA’s phased approach to appoint operators for the Liquid Bulk Precinct. Additional terminals in the precinct are expected to undergo a similar concession process in 2025, adhering to the National Ports Act’s requirements for transparency and openness.
Ophelia Shabane, Acting Manager of the Port of Cape Town, emphasized the broader economic benefits, stating the project will support the port’s growth and secure the supply of liquid bulk operations.
“The new concession agreement is set to enable terminal infrastructure refurbishment and upgrades that will substantially enhance operational efficiency. The selection of the preferred bidder solidified its commitment to ensuring continued liquid bulk operations and security of supply as well as the growth of port capa,” said TNPA.