Name and Location
Ngqura liquid-bulk terminal storage, Eastern Cape, South Africa.
Client
Oiltanking Grindrod Calulo Holdings.
Grindrod has a 30.5% shareholding in the project.
Project Description
The first phase of the project involves the construction of a 230 000 m3 storage facility.
The facility will be used to store all the petroleum products, except crude oil and liquefied natural gas.
Land is available to expand the facility to 720 000 m3, if required.
Value
R2.9-billion.
Duration
The project is expected to be completed in the first quarter of 2019.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
The project has been experiencing delays, owing to the National Energy Regulator of South Africa’s tariff model not working for projects requiring new capital outlay, says Grindod CEO Alan Olivier.
New tariff regulations are expected to be announced in May this year, which will allow for the construction of the facility.
Contact Details for Project Information
Grindrod, tel +27 31 304 1451, fax +27 31 305 2848 or email grindrod@grindrod.co.za.