×
  • HOME
  • NEWS
  • ENTERTAINMENT
  • HOT 100
  • SOCIAL
  • FEATURED
  • ×
    close
    profile photo
    Business

    Standard Gauge Railway to Boost Regional Trade and Employment

    204 views
    Standard Gauge Railway to Boost Regional Trade and Employment
    • November 22, 2024 • 1 month ago
    in summary
    President Museveni has launched Ugandas first Standard Gauge Railway (SGR) project, aimed at boosting regional trade, creating jobs, and reducing transport costs.

    President Yoweri Kaguta Museveni has inaugurated the construction of Uganda’s first Standard Gauge Railway (SGR) line, which aims to enhance trade within East Africa and beyond. The railway, designed to carry up to 1,000 tonnes of cargo, is set to create significant economic opportunities, including over 600,000 jobs upon completion.

    The initial phase of the project, covering the eastern route from Malaba to Kampala, will cost €2.7 billion (approximately Shs10.8 trillion). It is being developed by Turkish construction firm Yapi Merkezi, with direct employment for 700 workers and additional indirect opportunities. This phase is scheduled to take four years to complete and is co-funded by the Ugandan government and the African Development Bank.

    The SGR will feature trains capable of speeds of 100km/h for cargo and 120km/h for passengers, improving both transportation efficiency and accessibility. According to President Museveni, the railway will cut travel time between Mombasa and Kampala from 14 days to less than 24 hours, transforming the logistics landscape.

    Speaking at the launch at Tororo main station, President Museveni highlighted the railway’s potential to promote tourism, strengthen trade ties, and spur economic growth. “This project will stimulate trade within the region, especially in sectors like coffee and tobacco, enabling Uganda to bypass international price pressures and connect directly with African markets,” he noted.

    The President emphasized the importance of improved infrastructure in boosting intra-African trade, which currently lags at under 15% compared to other regions where it ranges between 40-60%. He also reaffirmed Uganda's commitment to the 2014 regional SGR protocol signed with Kenya, Rwanda, and South Sudan, with the Democratic Republic of Congo expressing interest in joining.

    Gen Edward Katumba Wamala, the Minister of Works and Transport, explained that the SGR will significantly reduce transport costs. Moving cargo from Mombasa to Kampala will drop from $3,200 (Shs11.7 million) to $1,600 (Shs5.8 million). The minister added that 95% of the affected individuals along the route have been compensated, paving the way for smooth implementation.

    Local leaders, including Tororo North County MP Geoffrey Ekanya, urged the government to prioritize hiring local workers and sourcing construction materials locally, citing the availability of cement and murram in the area. Turkish Ambassador Fatih Ak praised the initiative, stating it would make Ugandan products more competitive globally.

    This modern railway system is part of Uganda's broader strategy to protect its road infrastructure and develop a seamless regional transport network, benefiting trade and tourism.

    Leave a Comment below about this story


    In other News

    Karuma Bridge finally Re-Opens After Rehabilitation
    Karuma Bridge finally Re-Opens After Rehabilitation
    ...
    Dexta Daps Shines in Kampala, Collaborates with Ugandan Artists
    Dexta Daps Shines in Kampala, Collaborates with Ugandan Artists
    ...
    Hajat Sharifah Buzeki Appointed New KCCA Executive Director
    Hajat Sharifah Buzeki Appointed New KCCA Executive Director
    ...
    Health Experts Urge Swift Action on Antibiotic Misuse in Uganda
    Health Experts Urge Swift Action on Antibiotic Misuse in Uganda
    ...
    Inside Ugandas Journey to a Central Bank Digital Currency
    Inside Ugandas Journey to a Central Bank Digital Currency
    ...
    LC1 and LC2 Elections Postponed to 2026 General Polls
    LC1 and LC2 Elections Postponed to 2026 General Polls
    ...
    Latest News
    Hajat Sharifah Buzeki Appointed New KCCA Executive Director
    Hajat Sharifah Buzeki Appointed New KCCA Executive Director
    1 hour ago
     Passenger Rush Pushes Transport Fares Up Ahead of Christmas
    Passenger Rush Pushes Transport Fares Up Ahead of Christmas
    2 days ago
    usercover Jimmy Promotor   7 days ago on Socialviba
    Follow him on social media platforms
    storycover
    click on this post to tell us what you think!
    Write a comment...

     

    Today's Hot Stories
    1
    Challenges Of Artificial Intelligence (AI) In Software Development.
    Challenges Of Artificial Intelligence (AI) In Software Development.
    Featured
    2
    The Concept Of Email Marketing As A Strategy Of Digital Marketing
    The Concept Of Email Marketing As A Strategy Of Digital Marketing
    Featured
    3
    How King Saha became one of Uganda
    How King Saha became one of Uganda's best artistes?
    Entertainment
    4
    The Impact Of AI On Digital Marketing.
    The Impact Of AI On Digital Marketing.
    Featured
    5
    Jose Chameleon Discharged from Hospital
    Jose Chameleon Discharged from Hospital
    Entertainment
    6
    Inside Ugandas Journey to a Central Bank Digital Currency
    Inside Ugandas Journey to a Central Bank Digital Currency
    Business
    7
    Eddy Kenzo confirms relationship with Hon Phiona Nyamutoro
    Eddy Kenzo confirms relationship with Hon Phiona Nyamutoro
    Entertainment
    8
    Karuma Bridge finally Re-Opens After Rehabilitation
    Karuma Bridge finally Re-Opens After Rehabilitation
    National
    9
    Nigeria
    Nigeria's Olympic Dreams: A Look at the Country's Medal Contenders
    Featured
    10
    Uganda Set to Access Affordable HIV Prevention Drug, Lenacapavir
    Uganda Set to Access Affordable HIV Prevention Drug, Lenacapavir
    National
    Listen to Music on Nowviba