Friday, April 23, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Nocma in K2.2bn rail siding project, to cut costs

by Orama Chiphwanya
05/07/2016
in Business News, Editors Pick
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

 

National Oil Company of Malawi (Nocma) plans to construct a rail siding at its Blantyre and Lilongwe strategic fuel reserves at a combined value of K2.2 billion ($3.1 million).

RelatedHeadlines

Growers protest Low tobacco prices

MCCCI calls for tax policy review

Tough q1 for consumers

The move, according to Nocma communications officer Telephorus Chigwenembe, will ensure security of fuel supply and cutting transport cost of the commodity that comes through the Nacala corridor in Mozambique.

A siding, in terms of rail terminology, is a low-speed track section separate from a running line or through routes such as a main line or branch line.

RAILWAY

In this case, it means the siding will branch from the railway line managed by Central East African Railways (Cear) to fuel reserves at Matindi in Blantyre and Kanengo in Lilongwe.

Chigwenembe, in response to an e-mailed questionnaire on Saturday, said the project is in line with Nocma’s mandate of ensuring security and stability of fuel supply.

He said the project will be financed through the storage fund collected by Malawi Energy Regulatory Authority (Mera) and is expected to be completed by April next year.

Said Chigwenembe: “We are in the process of procuring a consultant to design engineering works.”

Minister of Finance, Economic Planning and Development Goodall Gondwe, in a recent Letter of Intent to the International Monetary Fund (IMF), also hinted that government is taking necessary steps to improve fuel security situation in the country.

Avatar
Orama Chiphwanya
Previous Post

Kamwana Family comes of age

Next Post

Malawi mangoes fires 192, takes new direction

Related Posts

lowe 1 | The Nation Online
Business News

Growers protest Low tobacco prices

April 23, 2021
Kaluluma: We are going through 
difficult times
Business News

MCCCI calls for tax policy review

April 23, 2021
graph 4 | The Nation Online
Business News

Tough q1 for consumers

April 22, 2021
Next Post
mango | The Nation Online

Malawi mangoes fires 192, takes new direction

Opinions and Columns

My Turn

They couldn’t breathe

April 23, 2021
My Turn

Controlling bladder cancer

April 23, 2021
Business Unpacked

Tobacco indeed a dying industry, but

April 22, 2021
Rise and Shine

What bosses hate the most

April 22, 2021
https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf https://www.mwnation.com/wp-content/uploads/2021/03/WFP-Afikepo-1-2.pdf

Trending Stories

  • chilima 3 | The Nation Online

    Tonse cracks widen

    0 shares
    Share 0 Tweet 0
  • MLS dares judges

    0 shares
    Share 0 Tweet 0
  • Rwandan exiles pen govt

    0 shares
    Share 0 Tweet 0
  • DPP loses fifth parliamentary seat

    0 shares
    Share 0 Tweet 0
  • Sumbuleta faces 6 counts

    0 shares
    Share 0 Tweet 0
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.