The East African - - BUSINESS -

Uganda Rail­ways Corporation, is owed con­ces­sion fees amount­ing to $15 mil­lion, and work­ers are de­mand­ing two months’ salary; RVR also owes $174 mil­lion to its lenders, Dutch De­vel­op­ment Bank, which put in $20 mil­lion, African De­vel­op­ment Bank ($40 mil­lion), Equity Bank ($20 mil­lion), Bel­gian In­vest­ment Com­pany for De­vel­op­ing Coun­tries ($20 mil­lion) and ICF Debt Pool ($20 mil­lion). They were brought in to sup­ple­ment the pi­o­neer lenders In­ter­na­tional Fi­nance Corporation ($22 mil­lion) and KFW ($32 mil­lion) in 2011 after RVR failed to meet per­for­mance tar­gets.

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