transnet port terminal’s fixed asset assessments

Transnet Port Terminals has played a key role in supporting the South African government’s export-led growth strategy. Most Southern African import and export commodities are handled through South Africa’s seven logistics ports: Richards Bay, Durban, Saldanha, Cape Town, Port Elizabeth, East London, and Port of Ngqura.

Transnet Port Terminal accepted high net asset value transfers from Transnet National Port Authority that included fixed assets such as buildings, terminals, roads, parking, stacking areas, and special assets (e.g. light masts, electrical assets). Transnet Port Terminals required that a professional engineering consultancy conduct a physical assessment and make recommendations on the fixed assets by applying a rigorous asset evaluation methodology.

Delta BEC was appointed as the professional engineering consultant to conduct physical assessments (facility condition assessments) on all transferred fixed assets at various port terminals situated throughout South Africa.

In execution of this project, Delta BEC assisted Transnet Port Terminals to determine the deferred maintenance cost of each asset as well as to assess the asset in terms of occupational health and safety and national building regulation compliance. Asset replacement values were also determined in order to compare replacement values with deferred maintenance cost, and thus determined the suitability of implementing a repair and maintenance scheme vs. replacement of the asset.