Browsing: road projects

• President Yoweri Museveni is optimistic that Uganda’s oil revenue will finance mega roads, railways and other infrastructure projects.
• Uganda expects to ship the first consignment of oil in 2025.
• The government will hasten the acquisition of the right of way for the construction of Standard Gauge Railway. 

Uganda’s oil revenues will finance roads and railway among other key infrastructure projects to revamp the country’s productivity. 

Uganda has significant oil reserves, particularly in the Albertine Graben region, which is located in the western part of the country.

The country discovered commercially viable oil deposits in 2006, and since then, exploration and development activities have been ongoing. According to estimates, Uganda’s discovered oil reserves are around 6.5 billion barrels. These reserves consist of both crude oil and condensates.

There have been efforts to establish a legal and regulatory framework to govern the sector and ensure transparency, environmental sustainability, and equitable distribution …