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

  • Major Chinese road tenders are opening for bids
    October 26, 2023
    Major Chinese road project tenders are now opening for bids.
    Read More
  • Delays for key Brazilian road projects
    March 3, 2016
    A series of major road projects in Brazil now look set to be delayed. Key road widening projects works awarded between 2012 and 2013 may now take longer than the original five year deadline to complete. Six road concession projects were awarded in the period, totalling over 3,000km of roads to be extended or upgraded. The contracts require that at least 10% of the planned work must be complete before any tolls can be charged. This initial phase has been carried out, but later stages to expand the roads have
    Read More
  • Philippines project finding funding
    December 20, 2017
    Road in the area around Mindanao in the Philippines will benefit from the provision of a loan worth US$380 million. This funding package is being supplied by the Asian Development Bank (ADB). The loan will be used for the Improving Growth Corridors in Mindanao Road Sector project. This is intended to improve and upgrade up to 280km of roads in the area. A further $123 million is being provided by the Philippines Government for the work, which will cost $503 million in all.
    Read More
  • Chinese contractor wins major Nigerian road project
    November 11, 2013
    A road construction contract worth US$1.07 billion has been awarded to China Railway Construction in Nigeria. The Ministry of Delta Affairs of Nigeria awarded the package of works for Section V of the A121 East-West highway to China Civil Engineering Construction, a division of China Railway Construction. The work is expected to take five years to complete and includes design as well as construction. When it is complete, the A121 will connect Nigeria’s two main North-South highways. Its route runs from the
    Read More

Highlighted Content