Ugandan affairs provide key connection

An upgrade to the road link connecting the cities of Kampala and Entebbe in Uganda will be funded by a loan worth US$350 million being provided by the Chinese Exim Bank.
February 29, 2012 Read time: 1 min
An upgrade to the road link connecting the cities of Kampala and Entebbe in Uganda will be funded by a loan worth US$350 million being provided by the 3422 Chinese Exim Bank. The work will focus on upgrading a 37km section of road from the Busega-Mityana junction to the Entebbe road at Kajjansi. In addition, a 14km spur will be built to connect 14km from Munyonyo to Lweza. The deal has been approved by the 1073 Ugandan Government and Uganda is expected to settle the loan in 20 years time. The deal has a five year grace period and the loan comes with an annual interested rate of 2%.

For more information on companies in this article

Related Content

  • Road and bridge upgrades improving transport in Nepal
    November 1, 2019
    New road and bridge upgrades are being introduced in Nepal that will help improve transport and develop the country’s economy.
    Read More
  • Latin America invests in infrastructure growth
    February 15, 2012
    Travelling in one of the world's most diverse regions is not always easy, but spectacular engineering feats will make life easier as Patrick Smith reports. Five years ago a report from the World Bank noted that infrastructure in most of Latin America and the Caribbean (LAC) had improved over the previous ten years.
    Read More
  • Mozambique receives road funding
    February 16, 2012
    Mozambique's necessary infrastructure work will receive a boost from foreign loans.
    Read More
  • New ocean-ocean highway link proposed for Nicaragua
    October 7, 2014
    A major highway project in Nicaragua is coming closer to fruition. The new link would cross the country, connecting its Caribbean and Pacific Ocean coasts. The Central American Bank for Economic Integration (CABEI) has been called upon to approve a US$150 million loan at the end of October 2014 to part finance the scheme. Meanwhile funds worth $39 million have already been approved for the Rio Blanco-Mulukuku section of this road, which has been put out to tender. The $150 million CABEI loan would be put to
    Read More

Highlighted Content