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

  • Tanzania to Burundi road links to be upgraded
    December 7, 2018
    Two roads linking Tanzania with Burundi in East Africa will be upgraded. Construction work will start in 2019. Some US$322 million of funding is being provided by the African Development Bank (AfDB). Upgrades will be carried out on the roads connecting Rumonge with Gitaz as well as Kabingo with Kasulu and Manyovu. An new border post will be constructed.
    Read More
  • Key highway projects planned for Vietnam
    April 5, 2012
    Vietnam's new highway projects Key highway projects are being planned in Vietnam including the Ninh Binh-Thanh Hoa Expressway, which will run for 127km and is expected to cost US$1.6 billion to construct.
    Read More
  • Key highway projects planned for Vietnam
    February 22, 2012
    Vietnam's new highway projects Key highway projects are being planned in Vietnam including the Ninh Binh-Thanh Hoa Expressway, which will run for 127km and is expected to cost US$1.6 billion to construct.
    Read More
  • Ghana-China road deal settled
    January 28, 2019
    The agreement between Ghana and China over a road construction project has been settled. The deal will see Ghana effectively trading bauxite from a mining operation with a Chinese firm, which will build road links in the West African nation. The deal is called the Sinohydro Bauxite Barter Arrangement and has been set up with Ghana’s Government. Ghana will supply the firm with around 5% of its refined bauxite production under the agreement. Construction work is commencing on the first stage of the project,
    Read More

Highlighted Content