THE two governments of Tanzania and Uganda have signed a memorandum of Understanding (MoU) to fast track the implementation of the East Africa Crude oil Pipeline from Ohima District in Uganda to Tanga port with the sole aim of tapping the world market.
The signing ceremony was witnessed here
yesterday when the Tanzanian Minister for Energy and Minerals, Prof
Sospiter Muhongo and his Ugandan counterpart, Minister for Energy, Ms
Irene Muloni, signed the deal.
The signing contract came after thorough
discussions that had been on-going between the technical teams from the
two countries, which had agreed to adhere to some terms in the process
of the implementation in order to make the project go fast enough and
reach its deadline by 2020.
Prof Muhongo cited some of the terms
which were discussed as on fiscal package which had gone through three
stages of approval in the Tanzanian government machinery including the
cabinet.
He further elaborated it that the
cabinet has approved the fiscal package where two of the six incentives
included in it in the required review of law tax, making the cabinet to
direct the Attorney General (AG) to prepare and then submit it to
parliament for consideration and approval.
The minister mentioned another area as
operations at the port of Tanga, where its management in collaboration
with the project company should resolve business issues so that smooth
running of cargo handling and other related issues during the project
operation will be attained.
Besides that the question of upgrading
infrastructure was also well discussed and left as an obligation of the
state parties to prioritise, requiring that feeder and access roads
remaining alongside it became the obligation of the project.
No comments :
Post a Comment