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.
Finance & Funding

For more information on companies in this article

Related Content

  • Kazakhstan roads benefiting from Japanese loan
    May 28, 2012
    A major loan from Japan will help develop the road transport network in Kazakhstan. The Japanese government will provide a loan to the Republic of Kazakhstan worth US$76 million. The sum will be used to develop the country's road infrastructure and will boost Kazakhstan's access to European and Asian markets. The loan will allow a new bypass to be built on one of the country's main transport arteries in the southern Zhambyl province, as well as the rehabilitation of other existing routes.
    Read More
  • Black sea countries complete preparations for implementation of Black Sea Ring project
    August 23, 2016
    The Black Sea Ring Road project will improve transport connections for the region - Eugene Gerden writes. Russia has officially started implementation of a project, known as the Black Sea Ring Road, which involves building a four-lane highway system connecting the countries surrounding the Black Sea. The Black Sea Ring Road is a substantial project, a highway measuring some 7,140km in all. Among the countries participating in the project are Turkey, Georgia, Russia, Ukraine, Moldova, Romania, Greece and
    Read More
  • World Bank funding for Nepalese Bridge
    July 2, 2013
    Nepal’s Ministry for Physical Infrastructure and Transport has inaugurated a programme for bridge upgrades and maintenance across the country. This is being funded by the World Bank while the programme will also benefit from new bridge management software developed by the department of roads. This software will be able to locate the type of bridge, location, date of completion, span, crossing, load capacity, condition and load restriction. The World Bank has provided a grant assistance of US$147.6 million f
    Read More
  • Funding for Rwanda roads rebuild
    July 18, 2016
    Foreign funding will help pay for key road rebuilding work in Rwanda. Loans worth US$162.4 million are being provided by the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA), with a $22 million development grant also coming from the EU. These financial sources will help pay for work to improve the 92km long link connecting Kayonza with Rusumo as well as the 116km road between Kagitumba and Kayonza. These road links are of importance as they help connect Rwanda to its nei
    Read More

Highlighted Content