Speaking at the historical event, which brought on board thousands of people from the two east African nations, Magufuli described the project as a landmark for swift development of the two countries and east African region at large.
In Tanga region alone, Magufuli said that more than 45,000 youth will benefit directly and indirectly with the implementation of the giant project, which upon completion is to completely change the outlook of the northerly seaport city of Tanzania.
He however challenged Tanzanian youth to explore opportunities available in the project, which touches on almost every sector.
“It is high time Tanzanians chipped in and benefited from the regional project, which has countless benefits,” he said.
Magufuli further lauded Uganda for choosing Tanga route for the crude oil pipeline, which will also be a source of revenue for the two east African nations.
Museveni described Tanga Port as key because of its geographical location and security.
He said that the project will also make fuel cheaper hence foster aviation industry, whereby regional airlines will get cheaper jet fuel.
Museveni further stated that the pipeline shows the importance of integrated decision-making for the two states.