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Uganda Confident It Will Secure $2 Billion China Exim Bank Loan to Build New Standard Gauge Railway

The Ugandan government is reportedly in talks with the China Exim Bank to secure a $2 billion loan to build a new Standard Gauge Railway, according to the Daily Monitor newspaper

The head of Uganda Railways Corporation, Stanley Ssendegeya, seems very confident that the money will come through. “In a year or less, the funding will be on board and we expect construction in about the first [or] second year [after the negotiations],” he said.

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