Uganda road funding from China?

Uganda is seeking a loan worth US$500 million from China to help pay for road development projects. The loan is being requested from China’s Exim Bank by the Uganda National Roads Authority (UNRA). Should the loan be secured, it would help pay for improvements works to 580km of roads in Uganda. The new road links will help provide transport to the newly discovered oil reserves in Uganda’s Albertine Rift Basin.
March 24, 2017 Read time: 1 min
Uganda is seeking a loan worth US$500 million from China to help pay for road development projects. The loan is being requested from China’s Exim Bank by the 1069 Uganda National Roads Authority (UNRA). Should the loan be secured, it would help pay for improvements works to 580km of roads in Uganda. The new road links will help provide transport to the newly discovered oil reserves in Uganda’s Albertine Rift Basin.
Finance & Funding Road Structures

For more information on companies in this article

Related Content

  • Road development projects for Uganda funded by Japan loans
    September 14, 2015
    A series of road projects in Uganda will benefit from funding supplied by Japan. Around US$168 million in loans from the Japanese Government will be used to improve the roads in and around Uganda’s capital Kampala. The Japanese Government has pledged to assist the Ugandan Government in developing its economy, with road infrastructure improvements seen as a major step along this path. The next Tokyo International Conference on African Development will be held in Kenya in 2016. The two countries have also agr
    Read More
  • Uganda upgrading roads - Chinese funding
    February 28, 2012
    Uganda's Government is investing some US$512 million in upgrading and maintaining the country's national and district road networks.
    Read More
  • Funding secured for Congo road project
    December 14, 2021
    Funding has been secured for a Democratic Republic of Congo road project.
    Read More
  • Chinese funding will help pay for Macedonia road project
    October 4, 2013
    In Macedonia a new 50km section of highway will be constructed, with €574 million of financing coming from China's Export-Import Bank. The Exim Bank credit line to Macedonia will be used to build a the highway connecting Skopje and Stip. The new route will also link Stip with pan-European transport corridor 10. The loan will carry an interest rate of 2% and will have a 20 year term with a five year grace period. Macedonia is close to completing work on the corridor 10 road project, which is worth €300 milli
    Read More

Highlighted Content