Addis Ababa July 25/2020 (ENA) The Ethiopian Petroleum Supply Enterprise disclosed that the design work for the nation’s largest depot with a capability of carrying 300 million liters has been finalized. 

Senior Communication Professional on the enterprise, Alemayehu Tsegaye advised ENA that the reservoir to be constructed exterior of Addis Ababa may have the capability to retailer 300 million liters upon  completion.

The design work executed by an Australian firm is accomplished and about 140 million USD is required to finalize the venture inside three years, he added.

The brand new depot is predicted to extend the reserve capability of the nation from 420 million liters to 720 million liters.

In accordance with the professional, the enterprise is in search of funds to contract out the venture to well-known contractors which have proven curiosity.

The federal government carries out such mega-projects by public-private partnership or three way partnership, it was discovered.

A bid will probably be floated to worldwide contractors to construct the depot on 10,000 hectares of land as quickly because the finance is obtainable, Alemayehu stated.

“This depot is not more than 500 meters far from the Ethio-Djibouti Railway, and the design work allows the provision of fuel transportation and freight service,” he said.

The depot will probably be absolutely automated and is predicted to satisfy the nation’s growing demand of varied petroleum merchandise.