Uganda to request US$300mn loan in 2014 to develop roads

The Ugandan government will next year request a US$300 million loan from different funds in Uganda in its effort to develop road infrastructure in the country, according to Yoweri Museveni, Uganda’s president. Banks in the country have been urged to offer loans. The government is reported to require US$ 15 billion in total to develop 19 roads.
May 16, 2013 Read time: 1 min
The 1073 Ugandan Government will next year request a US$300 million loan from different funds in Uganda in its effort to develop road infrastructure in the country, according to Yoweri Museveni, Uganda’s president. Banks in the country have been urged to offer loans. The government is reported to require US$ 15 billion in total to develop 19 roads.

For more information on companies in this article

Related Content

  • Guatemala seeks US$920mn of international loans for fast motorways
    December 16, 2013
    Guatemala’s Ministry of Communications, Infrastructure and Housing is seeking international loans of US$920 million to transform three national road sections into fast motorways. The loans could be obtained at some stage in 2014. One negotiated with the Central American Bank for Economic Integration (CABEI), of $280 million for the widening of CA-2 Oriente motorway to a four-lane motorway, is reportedly at its final stage. The bank has given its approval already and it is only the Monetary Council that has
    Read More
  • World Bank cancel US$1.2bn Padma Bridge loan
    July 6, 2012
    A loan worth US$1.20billion for the Padma Multipurpose Bridge project has been cancelled by the World Bank (WB). The decision was said to have been taken as the Bank was not satisfied with the actions taken by the Bangladeshi government in regards to corruption allegations involving the bridge contract. A major engineering and construction company is alleged to have made improper payments to Bangladeshi government officials in order to secure the bridge contract. The World Bank loan, signed In April last y
    Read More
  • Uganda looks to upgrade cross-border links
    February 9, 2012
    The road linking Uganda with Sudan is being rebuilt with loans coming from the Japanese Government and the US-based World Bank. The cost of improving the road between Gulu and Atiak in Uganda and Nimule in Sudan is expected to be around US$245 million.
    Read More
  • Plans in hand for Uganda’s key highway upgrade
    July 25, 2014
    In Uganda planning is underway for the upgrade of the Kampala-Jinja route. Preparations are being made for a new tolled highway connecting with capital Kampala. The upgrade will see the route being widened with four lanes for much of the length, six lanes on the approach to Kampala and up to eight lanes where vehicle densities will be heaviest to carry the capital’s traffic. The construction work is expected to cost some US$74 million and the new link will connect with the existing Kampala-Entebbe highway.
    Read More

Highlighted Content