19 September 2016, Dar es Salaam — After three years, Tanzania has finally got two investors who are ready to finance its gas distribution network that is expected to connect 30,000 households and serve about 8,000 vehicles in Dar es Salaam.
Japan International Cooperation Agency (JICA) and African Development Bank (AfDB) have shown interest to fund the project, according toTanzania Petroleum Development Corporation (TPDC) senior petroleum engineer, Mr Modestus Lumato.
“After a detailed design for the project in 2014, we have been looking for the financiers and the two have finally shown interest,” he told The Citizen.
According to him, the initial estimate for the project was Sh162.6 billion but there might be changes due to time.
Elaborating he said that other factors have to be considered for the updated project including the Rapid Bus Transport which was not reflected in the earlier design.
“The government plan is to change the RBT system from using petrol to natural gas, which automatically means the cost has to change,” he said.
However, he noted updating the design for the project will not take long as they do not need to initiate a procurement process for another consultant as the corporation will be using the same one.
- The Citizen
