TIM ZAJONTZ, Pambazuka News
8,500,000,000,000 Ugandan Shilling. This is roughly the volume of a loan, which the Ugandan government currently negotiates with China’s state-owned Exim Bank. The sheer number of digits is impressive, even when converted in less inflationary currencies. The concessional loan of over US$2.3 billion is earmarked for the construction of 273 kilometres of rails between Kampala and Malaba at Uganda’s border with Kenya. The project constitutes the next stage of East Africa’s new standard gauge railway that is designed to link Mombasa at the Indian Ocean with Uganda’s capital and, if plans materialise, will extend to Juba, South Sudan and Kigali, Rwanda in the future. The first stretch of the line between Mombasa and Nairobi has been inaugurated in mid-2017 and celebrated as another milestone of Sino-African development cooperation.
Continue reading ““Fixing” Africa’s infrastructure: But at what price?”