Economist urges govt to speed up Trans Kalahari project

Addressing the media on the developments and impacts of oil industry this week, eConsult Botswana economist, Bogolo Kenewendo, said the low oil prices have dragged down the global commodity thus hurting Botswana’s copper and coal industries and prospects for the TKR.

“A decision has to be made on TKR now before missing out on the opportunity because if we start now we could benefit from the projected commodity price increase anticipated in the next five years,” she said.  The TKR, which was initially due to run from 2014 to 2019 at a cost of P136 billion, targets to transport coal and copper to outside markets through Namibian ports.