Aliko Dangote on Wednesday broke ground for a planned fuel storage site in Namibia, which will serve as a fuel distribution hub in southern Africa, in an OilPrice report based on Bloomberg’s reporting.

The project, expected to cost $2.5 billion, includes a fuel depot outside the main port of Walvis Bay and a 1,700-kilometer pipeline to bring fuels to Botswana and South Africa, and potentially to other countries. “We want to heavily invest so that most of the landlocked countries will be able to access petroleum products at a cheaper price,” Dangote said at the event. The initial public offering of a minority stake in Dangote’s refinery could raise as much as $2.1 billion if the company exercises its greenshoe option.