Five mini-contracts that would set off the construction of the East African Crude Oil Pipeline (EACOP) have been finalised and ready for signing, Tanzania Petroleum Development Corporation (TPDC) has confirmed.
Speaking to journalists in Dar es Salaam on Tuesday, TPDC Director General, Dr. James Mataragio listed the contracts as that of Land Lease Agreement for Chongoleani Area.
Others are Marine User Right Agreement, Chongoleani Marine Facility Agreement and Land Lease Agreement for Pipeline Corridor.
"The negotiations of these five contracts have been finalised and approved by the two sides, the Government of Tanzania and the investors, meaning that they are initialed. What is pending now is the signing procedure", Dr. Mataragio said.
TShs 1.678 billion will be disbursed as compensation to 391 residents whose pieces of land have been annexed and reserved as priority areas, including camps to be used during the project undertaking.
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