Uganda: Uganda Says Oil Revenue Possible Alternative to Chinese Cash for Railway

Oct 21, 2014 | Karin Strohecker, Reuters
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LONDON - 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.