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South Africa Procurement News Notice - 75954


Procurement News Notice

PNN 75954
Work Detail Transnet announced on Wednesday (4 September), that it has entered into an agreement with Petredec to enhance LPG distribution in South Africa. Petredec is an integrated, LPG shipping, trading, and land-based wholesale and terminal operating platform. This landmark project, featuring a dedicated train system, modern LPG intermodal hub and storage facility at Sentrarand in Gauteng, marks a significant milestone and investment in the countrys energy infrastructure, which is needed to meet the growing demand for LPG over the coming decades, said Transnet. The new LPG hub at Sentrarand, Benoni will serve as a much-needed staging post for South Africas economic heartland and the broader SADC region. Transnet said the hub will receive bulk LPG via rail from the initial load point at the Richards Bay LPG terminal in KwaZulu-Natal, developed in partnership with BidvestTank Terminals in 2020. The 22,600-ton mounded LPG storage facility at Richards Bay was constructed at a cost of Ri-billion. Through the project, Petredec will introduce South Africas first scheduled LPG train system, with each 75-wagon trainset capable of transporting over 2,500t of LPG. Initially operating up to three times per week, this enhanced logistics system will further improve the efficiency, cost-effectiveness and environmental friendliness of LPG distribution in the country, Transnet said. Project engineering and construction will be undertaken by long-standing technical partner Lloyd Jones Construction with the intended commissioning of the Sentrarand facility and operation of first trains commencing in 2028, it said.
Country South Africa , Southern Africa
Industry Energy & Power
Entry Date 05 Sep 2024
Source https://www.esi-africa.com/business-and-markets/transnet-signs-lpg-deal-though-government-questions-recovery-plan/

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