African Development Bank Allocates $650 Million for Uganda-Kenya Border Railway
Updated
Updated · Bloomberg · May 31
African Development Bank Allocates $650 Million for Uganda-Kenya Border Railway
1 articles · Updated · Bloomberg · May 31
$650 million has been tentatively set aside by the African Development Bank to help finance a railway from Kampala to Malaba on the Kenyan border, Uganda said.
Abdul Kamara, the bank’s vice president for regional development, integration and business delivery, announced the pledge during talks with a Ugandan delegation at the lender’s annual meeting in Brazzaville.
The funding is not yet final: Uganda’s Finance Ministry said the project’s financing structure will be concluded during a mission appraisal next month.
The planned line would strengthen Uganda’s rail link to Kenya, backing a cross-border transport corridor from the capital to the frontier.
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