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

  • Rwanda’s new northern route planned
    May 23, 2018
    In Rwanda, a US$66 million deal has been signed for construction work on a road running from Base and through Butaro to Kidaho. The 63km stretch road is intended to improve transport connections in the north of the country. The work on this road will boost the country’s connections with neighbouring Uganda, helping develop trade and transport between the two nations.
    Read More
  • ADB loan for Armenia-Georgia highway
    November 4, 2016
    Approval for a US$50 million loan to develop a highway stretch in Armenia has been given by the Asian Development Bank (ADB). The loan will be used to upgrade the M6 Highway from Vanadzor in Armenia to the country’s border with Georgia at Bagratashen. The route is one of the most strategic roads for internal and external trade for landlocked Armenia while it also lies close to the country’s border with Azerbaijan. The upgrading of this highway will also provide an important link to the Black Sea Ring Road p
    Read More
  • Major road projects needed for Uzbekistan
    July 26, 2012
    The authorities in Uzbekistan are planning for a series of major road projects in a bid to boost the country’s transport connections and freight handling capabilities. A total of 2,306km of roads will be either built or upgraded in the country by 2015. Priority projects include building 1,008km of roads in the Beyneu-Andijan area, as well as rebuilding a 100km stretch of the Tashkent-Osh road. A total of 517km of roads and 544km of viaducts are to be to be built in 2012 under the plans.
    Read More
  • Nepalese Government pushes ahead with transport infrastructure programme
    July 17, 2014
    The Nepalese Government has announced a major programme of transport infrastructure works for the 2014-2015 period. Road, highway and airport projects have all been prioritised. The detailed project report for the Kathmandu-Tarai Fast Track Road is to be completed within six months. The proposal aims to attract investors by guaranteeing a minimum number of vehicles using the tolled link. The project has been delayed due funding issues. This period will also see work being carried out the Mid-Hills Highway,
    Read More

Highlighted Content