Latest News Editor's Choice

News / National

'Investor interest in 2nd Zimbabwe fuel pipeline grows'

by Staff reporter
15 Feb 2019 at 09:03hrs | Views
Several companies have expressed interest in constructing a second fuel pipeline from Beira, Mozambique to Harare in line with Zimbabwe's plans to create a regional fuel distribution hub, Energy and Power Development Minister Joram Gumbo has said.

The project, estimated to cost in excess of US$1 billion and meant to increase current pipeline capacity, has been on the cards since 2014, but there has seen little progress on the plans, which are reportedly still being evaluated by the Government.

Zimbabwe has also reportedly discussed plans with Botswana to extend the Feruka Oil Pipeline from Msasa in Harare to Francistown; to reduce cost of fuel transportation for the land locked neighbour, which presently uses expensive models in road and rail.

Source - Business Weekly