TransNamib and the National Petroleum Corporation of Namibia (Namcor), have signed a 5 year, rail transport agreement, a deal which will see more petroleum products moved by rail.
According to terms of the deal, TransNamib will move in excess of 3,600 tonnes of petroleum products per month for Namcor for a period of five years.
The two SOE’s will also partner in operating TransNamib’s premises in Otjiwarongo, Walvis Bay and Grootfontein and any other premises of TransNamib as may be agreed by the two parties from time to time.
The agreement, follows, a recently signed Memorandum of Understanding (MoU) between the two companies, to promote a strategic partnership that will strengthen capacities for rail transport and distribution of fuel commodities.
“The signing of the rail transport agreement between the two entities is a milestone for TransNamib –it is the first time for TransNamib to sign a rail transport agreement with a fuel company since the establishment of the company,” said the TransNamib CEO, Johny Smith.
“The partnership between TransNamib and Namcor covers the strategic cooperation to develop petroleum facilities that will enhance the road to rail strategy, inclusive, of not only the Namibian market, but also the movement of fuel into neighbouring countries.”
