Museveni urges Chinese investors on infrastructure dev't

By Vision Reporter

President Yoweri Museveni has said that government is ready to work and cooperate with all those people of goodwill who want to invest in areas of importance to national development such as in the works and transport sector.

The President was speaking at a meeting with a group of Chinese investors from China Civil Engineering Construction Corporation (CCECC) led by its president and director Yuan Li who called on him at his country home in Rwakitura, Nyabushozi County in Kiruhuura district.

CCECC initially under the Foreign Aid Bureau of the Ministry of Railways of China grew into a large-scale state-owned enterprise with Chinese National Super Grade Qualification for railway project contracting, and has been listed among the world’s top 225 international contractors for many years by the Engineering News Record.

Since its execution of Tanzania-Zambia Railway, the biggest economic-aid project undertaken by China in 1960s, CCECC’s business scope now covers project contracting, civil engineering design & consultancy, real estate development, import & export trading, hotel management etc.

Yuan Li informed the President that his company was interested in investing in Uganda especially in infrastructure development because of existing the vibrancy and performance of Uganda’s economy and many opportunities that exist in the construction sector.

The meeting was also attended by the state minister of transport Steven Chebrot.