The Government has signed an agreement, finally giving away the giant and lucrative deal to upgrade and expand Uganda’s railway network to standard gauge, to a Chinese firm China Harbor Engineering Company (CHEC).
The deal is estimated to be worth USD 8b (about sh20trillion).
Two Chinese companies – CHEC and state-owned China Civil Engineering Construction Corporation (CCECC) – have been involved in a fight for the deal. CCECC had earlier in 2012 been given the deal, which was later cancelled by the Government.
Source: www.newvision.co.ug
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