South African port operator Transnet has issue a request for proposals for the design, finance, build and operate a liquid-bulk terminal to handle petroleum products at Durban.

The new terminal is needed to cater to the port’s growing volume of oil imports, which are expected to grow to 34.5bn liters in 2044 from 5.2bn this year, according to Bloomberg.

“Based on the current growing demand for liquid fuels and the lack of investment in refining or alternative liquid-fuel manufacturing capacity, South Africa and the region will remain short of products in the foreseeable future.