Baran Group to Build 110km African Water Pipeline for $480 Million
Translated & summarized from Mignews by baba
Israeli infrastructure company Baran Group will build the first 110-kilometer section of a 2,000-kilometer trans-African water pipeline for approximately $480 million. The project aims to bring water from the Chobe River to drought-stricken areas, likely in Botswana. Construction of the initial segment will take 24-30 months, with the full pipeline taking over a decade. The project recently overcame a potential termination by the foreign client.
The story in 5 lines · by baba
- Baran Group will build a 110km segment of an African water pipeline for $480 million.
- The total pipeline will span 2,000 kilometers and aims to combat drought.
- Construction of the initial segment is expected to take 24 to 30 months.
- The project faced a potential termination last week but will continue.
- The initiative is likely located in Botswana, aligning with its national water program.
Israeli infrastructure firm Baran Group has secured a significant contract valued at approximately $480 million to construct the initial 110-kilometer segment of a trans-African water pipeline. The project aims to transfer water resources from the Chobe River to arid regions experiencing prolonged drought. The total planned pipeline will span 2,000 kilometers.
Baran Group announced that funding for the project's commencement has been fully secured. While the specific country where construction will take place has not been disclosed, the engineering specifications align with Botswana's national program to transport water from the Chobe and Zambezi river basins to its southern regions.
The initial phase includes establishing intake facilities on the river, building powerful pumping stations, and constructing tunnels, underground conduits, and storage reservoirs. The project also incorporates the creation of local industrial facilities, including plants for cement mixtures and pipes, to be situated near the pipeline route.
Construction of the first segment is expected to take between 24 to 30 months, with the entire water artery projected to take over a decade to complete. Baran Group has not yet secured contracts for the remaining six sections.
The initiative faced a near-halt due to a diplomatic and financial crisis. Last week, Baran Group notified the Tel Aviv Stock Exchange of the foreign client's intention to terminate the agreement, causing a 14% drop in the company's stock. However, subsequent emergency consultations with the foreign government led to the withdrawal of claims and a continuation of the collaboration.