Transnet pulls plug on building a liquid bulk terminal at Ngqura
09 Sep 2021 | by Shadley Nash.
Transnet National Ports Authority (TNPA) has announced that it was not going ahead with the development of the terminal at the Port of Ngqura to store Liquid bulk, however, it continues to support the Coega Development Corporation to deliver key liquid bulk infrastructure for Nelson Mandela Bay.
In a joint statement on Thursday, TNPA said it was not going ahead with the development of the terminal, citing similar market considerations that led to a private-sector operator also pulling the plug last year.
The State-Owned Entity said it had carefully considered the market environment and the causal factors that led to OTGC, terminating the project.
However, it also said that another factor was the progress of a Coega Development Corporation Liquid Bulk Tank Facility in the Special Economic Zone.
TNPA’s decision to discontinue the development of a Liquid Bulk Terminal at the Port of Ngqura has no impact on the planned closure of the Port of Port Elizabeth Liquid Bulk Tankfarm.
Tenants are encouraged to engage the CDC regarding liquid bulk storage.
The closure of the Port of Port Elizabeth Liquid Bulk Tankfarm will pave the way for Phase 2 of the long-awaited Waterfront that will change the physical and economic face of the Port of Port Elizabeth and Nelson Mandela Bay.
Tank Farm operations at the Port of PE will continue until 31 December 2021, the date on which the Air Emissions Licenses for the PE Tank farm expires.
The decommissioning and remediation activities are set to commence in 2022.