Transnet National Ports Authority TNPA has signed a 25-year Terminal Operator Agreement TOA with the WASAA Central Energy Fund Joint Venture for the development and operation of a new liquefied petroleum gas LPG terminal in the Island View Precinct at the Port of Durban.
The R1.4 billion project, awarded following a competitive Section 56 bidding process under the National Ports Act, will deliver a 50 000m LPG storage and handling facility expected to be operational by 2027, with capacity to dispatch up to 800m per hour of heated LPG mix.
Speaking at the signing ceremony, Transnet Group chief executive Michelle Phillips highlighted the strategic importance of the partnership.
