Business

UK firm to build fuel tanks in Mongu

TRYNESS MBALE, Lusaka
GOVERNMENT has engaged a British company to construct a fuel storage facility in Mongu with a capacity of over six million litres.
The proposed fuel reserve is part of Government’s plan to increase fuel supply to meet the rising demand and fuel shortages in Western Province.
Government through the Ministry of Mines Energy and Water Development has engaged Belgravia Services Limited to design and construct the strategic fuel reserve depot at a cost of US$9 million.
The ministry has since submitted an environmental impact statement (EIS) to the Zambia Environmental Management Agency (ZEMA) for possible approval.
“The strategic fuel tanks are envisaged to have a total storage capacity of 6.5 million litres of petroleum products… Once this project is completed, it is envisaged to improve Government fuel reserves in the country,” the report obtained by the Daily Mail reads.
Petroleum products that will be stored include petrol, diesel and kerosene.
The project is expected to create 150 new jobs, of which 40 percent will be skilled and 60 percent unskilled labour from the local community.
On the positive socio-economic impact, Government says the implementation of the project will also create multiple business opportunities in the supply of goods and services both during construction and operational phases.
Current fuel reserves for both public and private sectors across the country have proved inadequate to meet the growing demand.
“The new project aims to avert risks associated with volatile international fuel supplies. Fuel is regarded as a strategic commodity and the country as a whole depends on reliable fuel supplies.
“If Zambia’s economic growth targets [Vision 2030] are to be met, then fuel supply must never be in short supply or compromised,” the reports reads.

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