The R650 million Burgan Cape Terminals fuel storage project – which will create 350 new local jobs – has been launched in Cape Town.
The Burgan Cape Terminals was launched by Trade and Industry Director General Lionel October and the Dutch Minister of Agriculture and State Secretary of Economic Affairs Martin Van Dam last week.
The facility has a storage capacity of 118 670 m3 and includes a five bay road truck loading gantry.
Speaking at the launch, Director General October said the Burgan Cape Terminals was an Operation Phakisa project and a good example of how the state and private sector can work together in achieving strategic objectives.
“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 … support the economic growth of the region,” said October.
He further welcomed the partnership that has been established between Dutch terminal operator VTTI, Thebe Energy, a subsidiary of Thebe Investments and Jicarro a 100% black owned entity.
Minister Van Dam congratulated the partnership, saying 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.
He welcomed the partnership between the Port of Cape Town and the Port of Rotterdam.
The project is expected to create around 350 new skilled and unskilled local jobs during the construction phase and will be completed in 2017.
Director General October said the Burgan Cape Terminals has been approved as a Greenfield industrial policy project under the 12i tax allowance program with qualifying status and total tax allowance to the value of R234 452 000.