The $3.5 billion project is a significant
milestone for
Uganda, which is expected to start pumping its crude oil reserve to
international markets within three years, according to officials.
Uganda, one of the East African Community member states,
is estimated to get approximately 6.5 billion barrels of crude oil — more than
enough to put the country on the path of economic development.
The 1,445-kilometer (899-mile) long pipeline will start
in the western region of Uganda, where crude reserves were discovered a decade
ago, to Tanzania's Indian Ocean seaport of Tanga.
Speaking during a foundation stone-laying ceremony,
President John Magufuli said the unique pipeline would immensely benefit
Tanzania economically.
“I would like to assure President Museveni, about the
safety of this mammoth project which will have many benefits to Tanzanians,”
Magufuli said.
The president urged the contractor — the French oil giant
Total — to speed up the construction work so that citizens from the two
countries could benefit from the project before his first term in office ends.
“I don’t understand why we should wait for three years to
complete this project. Make sure you finish this project before 2020,” he said.
Ugandan President Yoweri Museveni said huge reserves of
natural resources in east Africa would boost trade and the economy of the
regional bloc.
“In my opinion, East Africa, especially Uganda is
unstoppable now. There’s nothing to stop us from growth and transformation,”
Museveni said.
Earlier, Deputy Minister for Energy and Minerals Medard
Kalemani said the project would open a new chapter of economic development for
Tanzanians by generating approximately $2 million income and thousands of jobs.
“More than 10,000 people will be employed and more than
140 villages where the pipeline passes will get electricity,” he said.
Source: GatewayTurkey