NEWSROOM (ADV) – Uganda has secured € 21.6 million ($ 24.8 million) from the European Union (EU) to help restore the 375 km railway line connecting the Tororo border district (east) and Gulu (north).
Ugandan finance minister Matia Kasaija and ambassador Attilio Pacifici, head of the EU delegation in Uganda, signed the financing agreement on Wednesday.
Uganda will add 13.1 million euros (15 million dollars) to the restoration of this line, suspended since 1993 because of the insurgency in the north of the country.
The Tororo-Gulu railway line was an important economic artery along the Corridor of North East Africa, connecting the Kenyan port of Mombasa and eastern Uganda with the north of the country as well as neighboring countries. , South Sudan and the Democratic Republic of Congo (DRC).
“We are proud to support the restoration of this important economic link,” said Mr. Pacifici.
“With this project, the EU continues to support the Ugandan economy through the strengthening of a multimodal, safe and efficient transport sector, including support for the Government’s efforts to move cargo from road to greener or cleaner transport such as railways and waterways, “said Mr Pacifici.
Both projects, according to Mr Pacifici, will have a major impact on trade facilitation by reducing the costs of import and export transport, and will therefore contribute to regional integration and strengthening Ugandan competitiveness in the region East African Community Region.
© Bur-csa – N.W – African Daily Voice (ADV)