Francistown oil storage facility to cost P600m

Addressing the 14th edition of the Botswana Resource Sector conference in Gaborone this week, the Minister of Mineral Resources, Green Technology and Energy Security, Sadique Kebonang said BOL is working on the funding model for the Francistown facility whose construction will be followed by another facility in Gantsi.

“We are currently working on the funding models for the infrastructure with the Francistown one estimated to cost about P600 million. There are also plans to build a pipeline from South Africa to Botswana. All these are opportunities for banks to fund these projects,” he told delegates.