Transnet National Ports Authority (TNPA) said it has named five companies as preferred bidders for the development of liquid bulk and green fuel terminals in the South Dunes Precinct of the Port of Richards Bay.
The development, worth approximately R17 billion, will be valid for a concession period of 25 years, South Africa’s ports landlord said in a statement.
TNPA said the concession “is an integral part of expanding the port’s liquid bulk handling capacity while advancing South Africa’s energy transition.”
The latest development in the South Dunes Precinct project follows a Request for Proposals (RFP) issued on 6 December 2023.
“Under the Section 56 process of the National Ports Act (No. 12 of 2005), TNPA has awarded preferred bidder status to five companies for the development of five liquid bulk terminals.”
The successful preferred bidders are KZN Oils, Linsen Nambi, Protank, Bidvest/Mnambithi Consortium, and KNGM Engineering.
The project will entail funding, design, development, construction, operation, maintenance, and transfer of the liquid bulk terminals for a 25-year concession period, the statement said.
“The sites will be designed to handle various petrochemical products that are critical for the economy of the country, including but not limited to diesel, petroleum, jet fuel, marine fuels, biofuel, hydrogen, liquefied petroleum gas, pure butane, pure propane, base oils, and bitumen.”
TNPA added that it forms part of its masterplan for ports in KwaZulu-Natal and aligns with the broader Transnet Segment Strategy.
Port manager Captain Dennis Mqadi said: “The award of preferred bidders for the South Dunes Precinct development is a major milestone in strengthening the Port of Richards Bay’s position as a premier liquid bulk and green fuel hub.
“By securing long-term investment in critical infrastructure, we are ensuring the port remains globally competitive while contributing to South Africa’s energy security objectives.”
The statement furthermore added that the South Dunes Precinct development confirms TNPA’s commitment to attracting private-sector investment, modernising terminal infrastructure, and ensuring long-term sustainability.
“By enhancing the port’s terminal capacity, the development will enable economic growth, job creation, and allow opportunities for new entrants to participate in terminal operations.”
With the announcement of the five preferred bidders, negotiations to conclude the Terminal Operator Agreements will now proceed, TNPA said.
