Home » Breaking News, Uganda News » Uganda Wants Chinese-Built Infrastructure Repaid With Oil & Gas Revenue

By Our Reporter

Uganda wants Chinese companies to finance infrastructure development that can be paid for once the country starts earning revenue from oil and gas production.

Prime Minister Amama Mbabazi noted this at the end of a one-week official visit to China in which he met government leaders and officials from companies including China Machinery Engineering Corp. (1829), a Beijing-based builder, and Huawei Technologies Co., according to a statement e-mailed by his office yesterday.

“Our government is concentrating on a few priorities due to insufficient funding and China is to fund a number of these,” Mbabazi said. Chinese companies will “take over all contracts for infrastructural projects,” according to the statement,

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Projects planned for development  include four hydropower plants and the paving of 21 roads, according to the statement.