For European companies, investors and financiers, URC has set out a railway investment pipeline aligned with the EU Global Gateway Strategy, and its proposal was among the top two selected for publication on the Smart City Expo World Congress website.
According to URC, the proposal attracted interest and requests for further engagement from European entities, and the corporation is seeking technical and financial support for sustainable railway development in Uganda.
- Uganda Railways Corporation presented five railway investment areas to European companies, investors and financiers in Spain.
- URC submitted an expression of interest to participate in the Smart City Expo World Congress in Barcelona following an invitation from the European Commission.
- According to URC, its proposal was among the top two selected for publication on the event website.
- The proposals include electrification and modernisation of the GKMA commuter railway, with electric and hybrid rolling stock.
- Other areas are greening of the Kampala–Kasese Corridor, solar power generation along the Tororo–Gulu Corridor and development of Port Bell as a green port.
- The fifth area covers SGR operations and maintenance capacity building, technology transfer and support to the Railway Training Institute.
Uganda Railways Corporation (URC) recently reported that its Managing Director, Benon Kajuna, presented URC’s investment proposals in Spain, engaging European companies, investors and financiers to mobilise partnerships and funding in five areas.
Following an invitation from the European Commission, URC submitted an expression of interest to participate in the Smart City Expo World Congress (SCEWC) in Barcelona, highlighting railway investment opportunities aligned with the EU Global Gateway Strategy. According to URC, its proposal was among the top two selected for publication on the event website, attracting interest and requests for further engagement from European entities.
The five areas are the greening of the Kampala–Kasese Corridor; electrification and modernisation of the GKMA commuter railway, including electric and hybrid rolling stock; solar power generation along the Tororo–Gulu Corridor; development of Port Bell as a green port; and SGR operations and maintenance capacity building, technology transfer and support to the Railway Training Institute.
URC describes the engagements as an opportunity to position its investment pipeline before European partners and to mobilise technical and financial support for sustainable railway development in Uganda.
