Private sector interested in Ugandan pipeline

Mar 29, 2004 02:00 AM

Several firms have expressed interest in investing in the proposed oil pipeline from Eldoret to Kampala, energy ministry officials have said. The Government is looking for a private investor to take up 51 % ownership of the proposed extension to Kampala.
"Many firms have expressed interest in investing in the pipeline from Eldoret to Kampala. It would be a natural monopoly and there is almost no other alternative to bringing fuel to Uganda in future," an official said.

The officials said the Government was advertising internationally for a private investor who would take majority shareholding, while the Governments of Kenya and Uganda would remain with 24.5 % each.
"We want somebody with the technical expertise, capability and experience in managing a similar project. It is not just the money which we could borrow say from the African Development Bank," officials said.

Source: New Vision
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