By Karin Strohecker in London
The Africa Report - Tuesday, 21 October 2014
Uganda could rely on income from future oil exports to finance an $8
billion railway if funding talks with China fail to bear fruit, its
president said.
Yoweri Museveni confirmed that Uganda had started negotiations with
China on building the line that would link to Kenya, speeding up freight
transport in the region.
He gave no details about how far the talks had progressed. "But if
they don't (offer financing), we shall fund it ourselves," Museveni told
Reuters on Monday on the sidelines of an African investment conference in London.
"Remember we have our oil, which we shall start harvesting in 2017,
and that money will deal with these projects - railway and electricity
... China or no China, we shall build that railway."
The new line would run from the Kenyan border to Kampala, then north to South Sudan and west to the oil fields.
It would supersede a narrow gauge line that now only operates to Kampala.
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