Indian Oil Corp. (IndianOil) is preparing to bid to build a 320km pipeline that will take oil products from Kenya to Uganda. Besides IndianOil, a Mumbai-based consortium of eight energy and construction majors named Petroleum India International is among those chosen to submit bids for the build-own-operate-transfer project between the Kenyan port of Mombasa and Eldoret in Uganda. The project comprises construction of a 320km pipeline to Uganda’s capital Kampala as an extension of the existing pipeline up to Eldoret to take petroleum products into Uganda to serve domestic markets and beyond. The Kenyan and Ugandan governments would have 24.5% stake in the project with the private sector holding majority stake of at least 5%. The process of selecting a private investment partner is expected to be completed by the year-end, with the pipeline targeted for commissioning by August 2007.
Looking for more projects or tenders? This is just the tip of the iceberg! Subscribe to our Projects & Tenders newsletter. If the above link does not work, please visit the following website: www.projectsandtenders.com
