Skip to main content

Uganda requesting transportation loan from World Bank

Uganda is requesting a loan worth some US$145 million from the World Bank. The loan has been recommended by the Ugandan Parliament. Provided by the World Bank's International Development Association (IDA), the funding will help pay for Uganda’s the road connectivity development project. This will focus on work in the country’s Albertine Region districts over a five-year period. The road connectivity development project will boost access to infrastructure and help develop the economy of the Albertine Region.
July 27, 2015 Read time: 1 min
Uganda is requesting a loan worth some US$145 million from the 2332 World Bank. The loan has been recommended by the Ugandan Parliament. Provided by the World Bank's International Development Association (IDA), the funding will help pay for Uganda’s the road connectivity development project. This will focus on work in the country’s Albertine Region districts over a five-year period. The road connectivity development project will boost access to infrastructure and help develop the economy of the Albertine Region. Costing $153.89 million in all, the project will also benefit from $8.89 million from the Ugandan Government. The projects incudes improving a 100km stretch of road between Kabwoya and Kyenjojo. This road forms part of the 238km link that runs from Kyenjojo to Hoima, Masindi and Kigumba.

For more information on companies in this article

Related Content

  • East Africa drives towards road tolling
    March 18, 2016
    Road tolling is increasing in East Africa as the region’s countries expand highway networks - Shem Oirere writes. The drive towards road tolling in East Africa is gaining momentum. Uganda appears to have broken ranks with its neighbours to make huge strides in achieving progress with this innovative road financing plan. Road tolling has hitherto has been held back in East Africa for lack of political goodwill and State bureaucracies. Kenyan government officials have made announcements on planned road tollin
  • Zambia’s road development funding from World Bank
    May 26, 2017
    A finance package from the World Bank of US$600 million will help pay for a series of development projects in Zambia. The three year development programme will help boost Zambia’s transport network and the funding has been made available via the World Bank's International Development Association. This package includes the $200 million budget for rural road development, intended to connect Zambia’s most remote areas to the transport network.
  • US$201.5 million loan for Ivory Coast road
    October 7, 2024
    A US$201.5 million loan will help pay for an Ivory Coast road project
  • EBRD loan for Bosnia
    March 15, 2012
    Japanese manufacturer Mitsubishi Motors has aided in a pilot study using an electric vehicle to power traffic lights.