Uganda said on Thursday construction of its much delayed $2.2 billion Standard Gauge Railway (SGR) will commence this year, a welcome development for importers and exporters in the landlocked country who had long endured sky-high transport costs.
"Government of Uganda... is in advanced stages of engaging M/s Yapi Merkezi to undertake the development of the SGR eastern route. Plan is to commence construction this calendar year," the Ministry of Works and Transport said in a statement.
After years of fruitless talks with the Chinese on the funds however Uganda early this year terminated the agreement and instead commenced negotiations with Yapi Merkezi to undertake the project.
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