Funding for Uganda highway project

Funding has been sourced in the shape of a loan for a key highway project in Uganda. The project is for the upgrading of the 95m route between Kampala and Jinja and a loan of US$229.5 million is being provided. The loan is being provided by the African Development Bank (AfDB). In all however the project is expected to cost $1.5 billion. The expressway is an important route for Uganda and will for part of the route connecting the country with Kenya, running through its capital Nairobi to its port of Mombasa.
November 12, 2018 Read time: 1 min
Funding has been sourced in the shape of a loan for a key highway project in Uganda. The project is for the upgrading of the 95km route between Kampala and Jinja and a loan of US$229.5 million is being provided. The loan is being provided by the 1586 African Development Bank (AfDB). In all however the project is expected to cost $1.5 billion. The expressway is an important route for Uganda and will for part of the route connecting the country with Kenya, running through its capital Nairobi to its port of Mombasa.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Kenya highway link upgrade planned
    June 19, 2017
    Plans are moving forward with regard to the upgrade work to the highway connecting Kenya’s capital Nairobi with the port of Mombasa.
    Read More
  • Uganda road projects funding sought
    February 6, 2017
    The Ugandan Government has unveiled plans to improve its road connections with its northern neighbour South Sudan. To fund the construction project, the Ugandan Government has been seeking a loan worth US$210 million from the Islamic Development Bank (IDB). The terms of the loan arrangements have yet to be revealed however. The aim of the project is to improve the road link running through Rwekunye, Apac, Lira and Acholibur. Better transport links form part of a much wider programme of integration between E
    Read More
  • Kenya highway projects now underway
    April 7, 2017
    Work on two major highway projects are now commencing in Kenya. One project will improve the road connection between Kenya’s capital Nairobi, with its premier port of Mombasa. The other project will see the upgrade of the road link joining Kenya with neighbouring Uganda. Work on the Mombasa to Nairobi highway is starting on a 42km stretch between Mombasa and Marikani. This work is costing some US$213.4 million and the improved route will feature two lanes in either direction when the work is complete. Meanw
    Read More
  • Kenya highway project financing resolution
    May 17, 2018
    Construction work on Kenya’s vital Mombasa-Nairobi highway upgrade project is now going ahead as planned. A resolution has been achieved that will solve the funding issues that had threatened to delay the project. The project will cost nearly US$3 billion in all and is crucial for the country’s economic development as it will provide a new four lane highway connecting Kenya’s capital, Nairobi, with its largest port at Mombasa. But there were concerns that the funding method based on a series of loans that w
    Read More

Highlighted Content