President Museveni appeals to investors for support

President Yoweri Museveni has called on investors to work with government, towards securing funds for the construction of the railway lines to South Sudan, DR Congo and Rwanda.

While meeting a delegation of Fouad Alghanim & Sons Group of Companies, the president said that the project requires coordination if it’s to take off in time.

The new railway line will connect Kenya, Uganda, Rwanda and South Sudan reducing transport costs by more than 60 per cent.

The standard gauge railway line is expected to cost US $13.7 billion and could dramatically cut journey time and transportation costs.

The line will run from Mombasa to Malaba, Kampala and then Kigali, Rwanda and later to Juba, South Sudan.

The President said that Uganda has abundant resources, thus investors are free to invest in Hydro power generation which includes both the big and small power stations.

Written by Reporter