Toyota Tsusho Corp has confirmed it will stump up US$5bn towards the cost of construction of the multi-billion Lamu-Juba oil pipeline, which will connect Kenya, Uganda, Ethiopia and South Sudan
The pipeline, with an estimated eventual reach of 1,300km, is one branch of the ambitious Lamu Port project, which also sees the East African nations investing in the development of an 800km road system, a standard gauge railway, an oil refinery and an airport.
The Japanese trading company Toyota Tsusho recently signed a Memorandum of Understanding with the Vision 2030 Delivery Board regarding comprehensive collaborations by both parties on a number of infrastructure projects, including the ambitious construction of the oil pipeline.
Toyota Tsusho managing director Kuniaki Yamagiwa commented, “We have begun building the OlKaria one and four geothermal power plants and have put in a strong bid to build the Lamu Juba pipeline with possible branches to Uganda and Ethiopia.”
The pipeline alone is predicted to be the largest development of its kind in the East Africa region and has been pinpointed by Kenya’s development initiative Vision 2030 as its biggest flagship infrastructure project.
