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’s international airport link now more costly
    March 9, 2018
    Dissatisfaction has been expressed in Kenya over the increased cost for the highway upgrade connecting capital Nairobi with its international airport. The new highway link will cost nearly US$584 million, instead of the $376 million originally anticipated. The link has had to be redesigned and will now feature a number of flyover sections and underpasses instead of being elevated for the entire 43.5km stretch between the airport and Rironi. The new highway section will be tolled and will connect Jomo Kenyat
    Read More
  • Kenya-Tanzania road link being rebuilt
    November 14, 2017
    Work to improve the 445km road link connecting Kenya with Tanzania should commence in 2018. The African Development Bank (AfDB) is intending to put US$300 million into the project but is also seeking co-funding. A further $485 million will be needed to pay for the project, which should then take three years to construct. The route will run along the coastline, connecting Malindi in Kenya with Bagamoyo in Tanzania. Around 215km of the route runs through Kenya, with the remaining 230km in Tanzania. On the Ken
    Read More
  • Key Kenya road project stalled
    December 4, 2023
    A key Kenya road construction project has stalled.
    Read More
  • Japan investing in Ugandan roads
    January 31, 2014
    Japanese investment is helping develop Ugandan infrastructure. Construction of the New Nile Bridge is being part-financed by the Japanese Government. Some US$90 million for the dual-lane bridge is being provided through the Japan International Cooperation Agency (JICA). The bridge forms part of the important Northern Transport Corridor of East Africa, which runs from the Port of Mombasa in Kenya through Uganda, Rwanda, Burundi to the Democratic Republic of Congo. This route is vital for Uganda’s economy, as
    Read More

Highlighted Content