The Transnet National Ports Authority (TNPA) has signed a Terminal Operator Agreement (TOA) with FFS Tank Terminals to operate and maintain a Liquid Bulk Terminal at the Port of Cape Town for a 25-year concession period.
According to TNPA, the agreement includes an investment of R195.7 million over the first three years to refurbish infrastructure and upgrade facilities.
The upgrades are intended to enhance operational efficiency and strengthen the security of liquid fuel supply to local industries.
Once operational, the terminal’s diesel storage capacity will increase by 100% to 29,200 cubic metres, while bitumen storage will rise from 4,700 cubic metres to 6,900 cubic metres, representing a total capacity increase of 47%.
The deal follows the completion of the Section 56 process under the National Ports Act of 2005, during which TNPA appointed FFS Tank Terminals as the preferred bidder in December 2024.
TNPA stated that the concession aligns with the National Ports Act’s objectives of advancing national, strategic, and economic interests.
As part of the concession, TNPA has consolidated two liquid bulk sites into a single operational area within the port to improve commercial viability.
The Port of Cape Town now has ten licensed terminal operators, eight of which are privately owned.
Transnet National Ports Authority (TNPA) is a division of Transnet SOC Ltd, a South African state-owned company responsible for managing and controlling the country’s national port system. TNPA operates under the National Ports Act of 2005 and is mandated to regulate and develop South Africa’s commercial ports infrastructure.
FFS Tank Terminals is a South African company specializing in the operation and management of liquid bulk storage terminals. It forms part of the FFS Group, which provides fuel supply, logistics, and terminal services across multiple industrial sectors.
