Exim bank the anticipated financer for SGR wants examination of the project.

By; Francis Lubega

12^th September 2019

Exim Bank of China has directed government of Uganda to re-examine the viability of the Standard gauge Railway before they release the loan requested to finance the construction of the railway.

This came after Mps on the committee of Parliamentary Accounts were concerned with the delays to start the railway compared to other member states of East African Community.

This also caused some members on the committee to propose that the project be dropped being that government every year incurs expenses of paying technocrats on a non starting project.

However the accounting officer of the ministry Bageya Waiswa assured the committee that SGR is progressing smoothly and it’s not behind schedule and no any contractual obligation has been violated be it financially.

The project is budgeted to cost about USD 2.269 Billion.