May 26, 2023
Kenya and Uganda to jointly seek funds for SGR project
The funding options include loans or public-private partnerships The governments of Kenya and Uganda have signed a contract to finalise joint resource mobilisation in the next four months to secure
The funding options include loans or public-private partnerships
The governments of Kenya and Uganda have signed a contract to finalise joint resource mobilisation in the next four months to secure funds for the extension of Standard Gauge Railway (SGR).
Funding will be sought for a railway line from Naivasha to Malaba to Kampala and from Kampala to Kasese-Mpondwe with a branch line from Bihanga to Mirama Hills, Business Daily newspaper reported.
Uganda Transport Minister Katumba Wamala and his Kenyan counterpart Kipchumba Murkomen signed the agreement for a joint search for funds, which may include loans or public-private partnerships.
In addition, the two governments signed a deal to increase rail usage to haul Uganda cargo using SGR in the coming months.
(Writing by P Deol; Editing by Anoop Menon)
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