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Uganda appoints Citibank to secure financing for $3.19B railway project.
Uganda has appointed Citibank to help secure financing for its $3.19 billion Standard Gauge Railway project, aiming to connect Kampala to the Kenyan border for access to the Indian Ocean.
The finance ministry announced the move on April 16, stating discussions are ongoing with the World Bank after a delegation met with Citibank officials in Washington.
While preliminary work has begun, full-scale construction is pending until additional funding is secured.
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Uganda nombra a Citibank para asegurar el financiamiento para un proyecto ferroviario de $3.19B.