South Africa Seeks Fuel Terminal Proposals for Import Rise
- Request is for 25-year concession by 51% black-owned bidder
- State-owned Transnet sees shortage of petroleum products
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South Africa issued a request for proposals to design, finance, build and operate a liquid-bulk terminal to handle petroleum products at the country’s biggest port as a shortage of refining capacity is expected to spur growth in imports.
Bidders must be at least 51 percent owned by black citizens to qualify to participate in the 25-year concession at the Durban port, Transnet SOC Ltd., the state-owned rail and ports operator, said in a document posted on a National Treasury’s website. Bids need to be submitted by Jan. 27.