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Uganda to sign financial agreement for the Kisumu-Malaba SGR
East Africa kenya News Transport Rail
Regions Sector Uganda
Uganda to sign financial agreement for the Kisumu-Malaba SGR
Plans to connect the East African region through railway networks, such as the Standard Gauge Railway (SGR) seem to be moving in the right direction.This is after Uganda’s president Yoweri Museveni agreed to the signing of the final financial deal for the Kisumu-Malaba-Kampala part of the Standard Gauge Railway.
Uganda, who has delayed the signing of the financing agreement for the SGR for more than two years, announced that it will sign the final financing agreement by September this year after a meeting with Kenya’s president Uhuru Kenyatta and the Chinese officials.
Kenya, on the other hand, has already begun laying tracks for the US $1.5 bn phase of the SGR line between Nairobi and Naivasha as it awaits on Uganda to secure joint funding for the Kisumu-Malaba stretch.
Also Read:Rwanda,Tanzania to review Isaka-Kigali standard gauge railway design
Joint mission
President Yoweri Museveni also asked for a joint mission with Kenya to Beijing to to meet China’s Export and Import ,EXIM bank officials to expedite the financial closure for the two countries’ multi billion-dollar projects.
In Kenya, more than one million passengers have used the SGR line in one year and more than 800,000 tonnes of cargo have been transported since the cargo segment of the railway was started in January this year.
Once the railway line to Malaba is constructed, Uganda and Kenya are bound to have GDP growth of at least 1.5%, drastically reduced number of heavy trucks on roads, a fast, efficient and reliable mode of transportation along with many other benefits from the construction of the Naivasha-Kisumu-Malaba Standard Gauge Railway.
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East Africa kenya News Transport Rail
Regions Sector Uganda
Uganda to sign financial agreement for the Kisumu-Malaba SGR
Plans to connect the East African region through railway networks, such as the Standard Gauge Railway (SGR) seem to be moving in the right direction.This is after Uganda’s president Yoweri Museveni agreed to the signing of the final financial deal for the Kisumu-Malaba-Kampala part of the Standard Gauge Railway.
Uganda, who has delayed the signing of the financing agreement for the SGR for more than two years, announced that it will sign the final financing agreement by September this year after a meeting with Kenya’s president Uhuru Kenyatta and the Chinese officials.
Kenya, on the other hand, has already begun laying tracks for the US $1.5 bn phase of the SGR line between Nairobi and Naivasha as it awaits on Uganda to secure joint funding for the Kisumu-Malaba stretch.
Also Read:Rwanda,Tanzania to review Isaka-Kigali standard gauge railway design
Joint mission
President Yoweri Museveni also asked for a joint mission with Kenya to Beijing to to meet China’s Export and Import ,EXIM bank officials to expedite the financial closure for the two countries’ multi billion-dollar projects.
In Kenya, more than one million passengers have used the SGR line in one year and more than 800,000 tonnes of cargo have been transported since the cargo segment of the railway was started in January this year.
Once the railway line to Malaba is constructed, Uganda and Kenya are bound to have GDP growth of at least 1.5%, drastically reduced number of heavy trucks on roads, a fast, efficient and reliable mode of transportation along with many other benefits from the construction of the Naivasha-Kisumu-Malaba Standard Gauge Railway.
If you are
Cukia M
NO COMMENTS
LEAVE A REPLY
You must be logged in to post a comment. By Cukia M - Last Updated: Jun 25, 2018
Tweet
Saudi Arabia is to invest US $10 bn in South Africa’s energy sector Burkina Faso to supply emergency power in hotels TDB to commit US $200m to Tanzania’s gas power plant RELATED ARTICLES
MORE FROM AUTHOR
Polls
What is the greatest impediment to development of infrastructure in Africa
Political Interferance
corruption
Lack of funding
Lack of skilled manpower
Vote
View Results
Polls Archive
geberit
Ace
kohler
dar construction Load more The Maputo Catembe Bridge completed
M Robert Barnes - Last Updated: Jun 12, 2018
Private policy statement Terms and conditions
Advertising Information
Branches and Agencies Associations
Magazine Archives Catalog About us
Contacts
© copyright 2016 I Construction Review Online.. Congratulations!.
You have been selected to receive an annual subscription to Construction Review Africa directly in your inbox every month FREE!
and also get weekly bulletins on the major happenings in Africa’s construction