Uganda is seeking to modify a loan deal it signed with China in 2015 to ensure the government does not lose control of the country’s only international airport, the Monitor newspaper reported, citing people with knowledge of the matter.
The East African country borrowed $ 200 million from the Export-Import Bank of China to expand Entebbe airport, according to the report.
Among the clauses the government wants to change is the need for the Uganda Civil Aviation Authority to seek approval from the Chinese lender for its budget and strategic plans, the Monitor reported. Another rule states that any dispute between the parties should be resolved by the China International Economic and Trade Arbitration Commission, the newspaper said.
The spokesman for the Ugandan aviation regulator and the Chinese director general of African affairs denied in separate tweets that the Chinese lender had taken over the airport.
China’s “Belt and Road” plans have been the subject of controversy around the world. In Sri Lanka, the government agreed in 2017 to lease a port to a company run by China Merchants Port Holdings Co. for 99 years in exchange for $ 1.1 billion. In Pakistan, the initial plan to build a seaport, roads, railways, pipelines, dozens of factories and the country’s largest airport has yet to be completed.
(Except for the title, this story was not edited by DAILYNEWSCATCH staff and is posted from a syndicated feed.)