Financement des travaux de Ndola Lime
Friday, 16 Jul 2010
It is reported that Zambia may commission a study to explore the feasibility of using the Tanzania Zambia Mafuta pipeline as a common carrier of finished products.
Ms. Margaret Chimanse communications spokeswoman of Zambia Development Agency said that the future of company, known as TAZAMA was currently being decided by the Ministry of Finance under the Public Private Partnership.
Ms Chimanse said that the Public Private Partnership PPP unit at Ministry of Finance and National Planning is in the process of commissioning study to explore feasibility of using the pipeline as a common carrier of finished petroleum products.
She said that TAZAMA, which runs from the port of Dar es salaam in Tanzania to Ndola in Zambia, is 66.7% owned by Zambia while Tanzania returns 33.3 per cent in one of Africa's most important crude oil pipeline. It stretches for about 1,710 kilometers and currently transporting approximately 600,000 tonnes of crude oil per annum, which is later refined at the country's sole refinery, Indeni.
Ms Chimanse said the possible sale of Ndola Lime, Zambia’sleading producer of the solvent used in the manufacture of cement and used chiefly by the mines in the Southern African country was not immediate as the company was sourcing for finance to rehabilitate the plant by among other works, replace the old kiln and the hydrator. The funding is coming from DBSA and Afri Exim Bank.
She said that the other companies being considered for options for private sector participation by the government included Nitrogen Chemicals of Zambia, Mulobezi Railway, Tanzania Zambia Railway Authority and Zambia National Building Society. She added that the government was in the process of examining the business model for the power utility, Zambia Electricity Supply Corporation, known as ZESCO and makes it viable.
(Filed by Mr Kapembwa Sinkamba SteelGuru Correspondent Zambia)
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