Uganda’s funding headache for Eacop, SGR projects

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Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-10-19 13:00:00

On Monday, Uganda signed a deal with Turkish firm Yapi Merkezi for the construction of the standard gauge railway (SGR) from Malaba to Kampala, after a 16-year wait.

When completed, the $2.9 billion-dollar electric rail project is expected to reduce transportation costs and increase the efficiency of the rail transport system in Uganda.

As the country celebrated the contract award, Energy Minister Ruth Nankabirwa, who was attending an energy conference in Cape Town, announced another delay to secure financing for the East African Crude Pipeline (Eacop).

Currently, only China’s…

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