UGANDA: World Bank Dam in Uganda Overpriced By $280 Million

A new study reveals that Ugandans will pay hundreds of millions of dollars in excessive power payments if the World Bank-financed Bujagali Dam proceeds according to plan. The study, released by International Rivers Network (IRN), demonstrates that the agreement between the dam's private developer and the Government of Uganda falls short of international standards. "The review of the project contract demonstrates that the Bujagali dam is fundamentally flawed, and would only add to Uganda's debt burden," comments Peter Bosshard of International Rivers Network. "It is disturbing to see that the World Bank has supported such a sweetheart deal for a private company, and has misled the public about the true cost of the project."