{"id":26314,"date":"2022-02-14T18:30:02","date_gmt":"2022-02-14T18:30:02","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=26314"},"modified":"2022-02-14T17:29:16","modified_gmt":"2022-02-14T17:29:16","slug":"adb-approves-shs1-2-trillion-loan-for-ugandas-railway-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/adb-approves-shs1-2-trillion-loan-for-ugandas-railway-projects","title":{"rendered":"ADB approves Shs1.2 trillion loan for Uganda&#8217;s railway projects"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Uganda. <\/strong><\/span>The African Development Bank (ADB) has approved a \u20ac302million (approximately Shs1.2trillion) loan \u201cfor the full Uganda Railway Corporation (URC) capacity building projects.&#8221;<\/p>\n<p>\u201cThis will fully restore the main line meter gauge rail all URC main line stations, railway workshops, the ports, locomotives, wagons, passenger coaches and also procure some more vessels,\u201d URC managing director Mr Stanley Ssendegeya said.<\/p>\n<p>According to him, the recent Final Investment Decision (FID) signed between government and oil companies will see the Albertine region and Gulu-Pakwach railway line urgently worked on.<\/p>\n<p>\u201cURC is to ensure that the railway line is also back to Kasese and Pakwach through the Malaba border by 2025,\u201d he explained over the weekend.<\/p>\n<p>Over the next three years, URC together with a management firm, Deloite Uganda, will develop a formal plan set to internationalize the nation\u2019s railway systems.<\/p>\n<p>Mr Ssendegeya is now urging government to continue supporting the railway body as it transitions from a declining to a growing entity.<\/p>\n<p>\u201cThe Spanish government has approved a project to upgrade a 28 Km railway line in Uganda to concrete,\u201d he informed.<\/p>\n<p>URC officials will have a 3-year capacity building on technical and practical management.<\/p>\n<p><b>Other projects<\/b><\/p>\n<p>The URC is currently conducting the projects emergency works to connect the Naivasha Standard Gauge Railway (SGR) to the Tororo-Gulu meter gauge railway line.<\/p>\n<p>Works Minister Katumba Wamala reiterated State commitment towards infrastructure development.<\/p>\n<p>\u201cThe president has always prioritized infrastructure development and URC infrastructure has been lying for so many years in a sorry state government will do all it takes to revive them,\u201d<\/p>\n<p>Meantime, the Gulu logistics hub whose construction is now complete awaits commissioning with URC expenses currently prioritized towards payments of SGR system.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/uganda\">Uganda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Uganda. The African Development Bank (ADB) has approved a \u20ac302million (approximately Shs1.2trillion) loan \u201cfor the full Uganda Railway Corporation (URC) capacity building projects.&#8221; \u201cThis will fully restore the main line meter gauge rail all URC main line stations, railway workshops, the ports, locomotives, wagons, passenger coaches and also procure some more vessels,\u201d URC [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":26313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12],"tags":[233,240,234],"class_list":["post-26314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ADB approves Shs1.2 trillion loan for Uganda&#039;s railway projects - 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