Ugandan, Tanzanian Presidents launch start of work on 1,445km Hoima-Tanga oil pipeline
November 10, 2017 | Construction & Installation, Pipelines, Tanzania, Uganda
Mutukula, Uganda | – President Museveni and his Tanzanian counterpart John Magufuli on Thursday laid the second foundation stone at one of the proposed corridors for the proposed East African Crude Oil Pipeline (EACOP), a gesture for political will, and to charm international lenders expected to pool 70 per cent of the project capital expenditure. The 1,445-kilometre pipeline, planned to run from Hoima District in mid-western Uganda to Tanzania’s southern Tanga Port on the Indian Ocean coast, was earlier projected to cost at least $3.55b …