Tuesday, April 8, 2025

China to Help Finance Completion of Railway to Ugandan Border

 Kenyans.co posted on 7 April 2025 an article titled "Kenya Agrees to Railway Tolls for New Ksh706 Billion SGR Deal with Chinese Financiers" by Frankline Oduor.  

A consortium of Chinese financiers has agreed to provide 40 percent of the funding for the controversial standard gauge railway extension from Naivasha, Kenya to the Ugandan border.  The $5.3 billion funding will be in the form of a public private partnership with the reimbursement to Chinese companies coming from tolls collected from use of the railway.