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

  • US$1.14 billion funding package for Philippines bridge project
    June 5, 2024
    A US$1.14 billion funding package has been secured for a key Philippines bridge project.
    Read More
  • Building links to Paraguay’s new bridge
    June 10, 2019
    New road connections will have to be built for the second Parana River crossing in Paraguay. In all around 37km of new road connections will be required, costing US$180 million. This work will also require the construction of two smaller bridges as well as an overpass section. Financing for the work is being provided via the Development Bank of Latin America (CAF).
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More
  • How Florida paved the way for availability payments in the US
    November 21, 2014
    New financing models have been used to deliver key transport links in the US - * Patrick D Harder and Brandon J Davis Florida Department of Transportation’s (FDOT) public-private partnership (PPP) programme has made impressive progress, setting precedents for US transportation planning and funding. On March 26th 2014, FDOT opened 16km of new reversible express lanes as part of its US$1.8 billion I-595 Corridor Roadway Improvements Project. Just a few months later, on August 3rd 2014, FDOT opened twin tunnel
    Read More

Highlighted Content