Uganda’s government and Turkish construction firm Yapi Merkezi signed a contract to build a 272-kilometre section of railway, in a bid to boost regional trade, a Ugandan official said on Monday.
Uganda’s Standard Gauge Railway project coordinator, Perez Wamburu, said the agreement was for the first section of a planned 1,700km electric rail line, and the segment would cost 2.7 billion euros (about Shs10.8 trillion).
Its construction will start in November, Mr Wamburu said.
The project will increase trade and reduce transport costs, Uganda’s Works Permanent Secretary, Bageya Waiswa, said at the signing ceremony.
He said Uganda will use its own funds and credit from export credit organisations to finance the project, which will take 48 months to complete once started.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
