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Tanzanian president pledges speedy implementation of oil pipeline project
Source: Xinhua| 2017-11-10 03:14:59|
[http://www]
DAR ES SALAAM, Nov. 9 (Xinhua) -- Tanzanian Preside John Magufuli on Thursday pledged speedy implementation of the 1,445-kilometer crude oil pipeline project from Hoima in Uganda to Tanga port in Tanzania.
Addressing a public rally in Ruzingwa Village in Uganda before laying the second foundation stone for the project, President Magufuli said since the region required huge investment projects, he was of the view that the project should be completed before 2020.
"We need the project now because the early it is implemented, the early will investors and the countries start generating money," he said flanked by Ugandan President Yoweri Museveni.
"Experts from the two countries should start talks with investors to see if oil can start flowing by 2019," said the Tanzanian leader in a statement by the Directorate Presidential Communications at State House.
He suggested the construction should be divided to many contractors instead of leaving it to a single contractor for effective implementation.
President Magufuli once again assured his Ugandan counterpart of the safety and security of the pipeline, noting that Tanzanian politicians were very polite.
"The government I'm leading and the one that will succeed me will ensure the pipeline is secure all the time," said Magufuli.
He said he was aware of the difficulties experienced, when Tanzania, Uganda and investors engaged in discussions before striking the deal, noting that Tanzania had sacrificed billions of dollars to ensure the project took off.
Magufuli made the remarks at the start of a three-day official visit to Uganda. He appealed to Ugandans to make good use the project by generating money through various activities.
Uganda and Tanzania signed an agreement on their proposed 3.55-billion-U.S.-dollar crude oil export pipeline in May this year.
The agreement covered terms on tax incentives for the project, implementation timelines, the size of the pipeline and local content levels.
Tanzanian president pledges speedy implementation of oil pipeline project - Xinhua | English.news.cn
Source: Xinhua| 2017-11-10 03:14:59|
[http://www]
DAR ES SALAAM, Nov. 9 (Xinhua) -- Tanzanian Preside John Magufuli on Thursday pledged speedy implementation of the 1,445-kilometer crude oil pipeline project from Hoima in Uganda to Tanga port in Tanzania.
Addressing a public rally in Ruzingwa Village in Uganda before laying the second foundation stone for the project, President Magufuli said since the region required huge investment projects, he was of the view that the project should be completed before 2020.
"We need the project now because the early it is implemented, the early will investors and the countries start generating money," he said flanked by Ugandan President Yoweri Museveni.
"Experts from the two countries should start talks with investors to see if oil can start flowing by 2019," said the Tanzanian leader in a statement by the Directorate Presidential Communications at State House.
He suggested the construction should be divided to many contractors instead of leaving it to a single contractor for effective implementation.
President Magufuli once again assured his Ugandan counterpart of the safety and security of the pipeline, noting that Tanzanian politicians were very polite.
"The government I'm leading and the one that will succeed me will ensure the pipeline is secure all the time," said Magufuli.
He said he was aware of the difficulties experienced, when Tanzania, Uganda and investors engaged in discussions before striking the deal, noting that Tanzania had sacrificed billions of dollars to ensure the project took off.
Magufuli made the remarks at the start of a three-day official visit to Uganda. He appealed to Ugandans to make good use the project by generating money through various activities.
Uganda and Tanzania signed an agreement on their proposed 3.55-billion-U.S.-dollar crude oil export pipeline in May this year.
The agreement covered terms on tax incentives for the project, implementation timelines, the size of the pipeline and local content levels.
Tanzanian president pledges speedy implementation of oil pipeline project - Xinhua | English.news.cn