Chinese bank rejects Uganda SGR loan request again

[John Ashworth]

SGR: Exim Bank rejects Uganda loan request again

In Summary

- Exim Bank insists there must be clarification on whether Kenya’s SGR will terminate at the border to guarantee smooth connectivity.
- Uganda re-submitted the loan application after changing the scope of works and revising the cost for the 273km project reduced by $26 million to $2.269 billion.
- Uganda is keen to have SGR connection with Bukasa Port on Lake Victoria as this provides another route and option to transport imports and exports by ship and rail through Tanzania or Kenya...