Burgan fuel storage facility launched

R650m Burgan Terminals fuel storageFrom DION HENRICK in Cape Town

CAPE TOWN, (CAJ News) -THE R650m Burgan Terminals fuel storage project has been launched in Cape Town

The Dutch Minister of Agriculture and State Secretary of Economic Affairs, Martijn Van Dam, and the Director-General of the Department of Trade and Industry, Lionel October, commissioned the facility.

Burgan Cape Terminals will have a storage capacity of 118,67m3 and will include a five-bay road truck loading gantry.

Following the launch of Operation Phakisa in 2014, this is the first major project to be rolled out in the port of Cape Town.

“The infrastructure is critical to the security of fuel in the Western Cape region and will be able to support the economic growth of the region,” said October.

He welcomed the partnership that has been established between Dutch terminal operator VTTI, Thebe Energy, a subsidiary of Thebe Investments and Jicarro a 100 percent black-owned entity.

Van Dam said it was fitting that a Dutch company such as VTTI which has a long history of port operations, logistics and distribution in the oil and gas sector is part of the Burgan Terminal project.

The construction of the facility is expected to create around 350 new local jobs during the construction, both skilled and unskilled and will be completed in 2017.

CAJ News

Short URL: http://cajnewsafrica.com/?p=9795

Posted by on Nov 20 2015. Filed under Africa & World, Finance, Finance & Banking, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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