Uganda SGR plan on track as Kenya pursues China bond

A train at the Mombasa standard gauge railway terminus.

Photo credit: File | Nation Media Group

The Ugandan government has earmarked Ush2.17 trillion ($560.2 million) in the next financial year for construction of the standard gauge railway, signalling that the long-awaited works on the Malaba-Kampala line are about to start.

This financing comes from the Islamic Development Bank (IsDB), with the government providing Ush79.03 billion ($21.9 million).