ReferIndia News Uganda Appoints Citibank for Major Railway Project Financing

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Uganda Appoints Citibank for Major Railway Project Financing

Published on: April 16, 2026, 11:37 a.m. | Source: Devdiscourse

Uganda has appointed Citibank to mobilize financing for the 2.7 billion euro Standard Gauge Railway (SGR) project. The finance ministry is also in talks with the World Bank for project support. Earlier attempts to secure Beijing financing failed, leading to the project's handover to Yapi Merkezi.

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