Oil Money Could Finance Ugandan Railway if Chinese Falter

Wednesday, October 22, 2014

Uganda is looking into the future of its oil exports to finance an $8-billion railway if China fails to follow through with its previous commitment. President Yoweri Museveni confirmed that Uganda had begun discussions with China on building a line that would connect to Kenya, which would run from the Kenyan border to Kampala to South Sudan and west to the oil fields.

The president said, “But if they don’t [provide the capital], we shall fund it ourselves.” He added that Uganda had oil and would start producing in 2017. “That money will deal with these projects – railway and electricity, China or no China. We shall build that railway,” Museveni said.

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