Uganda signs $800m financing deal with Saudi bank for SGR
Workers laying tracks for the Standard Gauge Railway Phase 2A at Suswa, Kenya on August 1, 2018. Uganda’s railway will link with Kenya’s Standard Gauge Railway, providing access to the Indian Ocean port of Mombasa.
Uganda has signed a $800 million financing agreement with the Islamic Development Bank to support projects, including a planned railway, that aim to boost the landlocked country’s trade, its finance ministry said.
The railway will connect to neighbouring Kenya’s Standard Gauge Railway and on to the Indian Ocean port of Mombasa.
