The railway venture is part of the Northern Corridor Integration Projects that begin from Mombasa through Nairobi, to Kampala, Kigali and Juba. The multi-billion-dollar railway line conceived under the East African Community was agreed upon in 2011 by the presidents of Uganda, Kenya, Rwanda and South Sudan.
TBEA Co, a Chinese Power company signed a contract with the Electricity Regulation Authority (REA) for the implementation of the project that is to connect power across approximately 3,800 km of medium voltage and 5,900 km of low voltage networks with transformers and consumer connections.
Responding to questions from Journalists on Uganda borrowing a lot of loans for infrastructure development, Museveni praised China for giving Uganda loans for projects neglected by other partners. According to Museveni, this has enabled Uganda to save its money for other things, and use the loans, which have a longer repayment period.
Committee Chairperson Hajat Bbumba adds that the Committee is concerned with the high debt accumulation rate in the short and medium-term and recommended that debt contracting by the government should be scaled down to only projects that have a high economic and financial return in the medium term and target cheaper loans to finance the investment pla