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

  • Cameroon road construction project
    October 25, 2019
    The plan for a major new road project has been agreed in Cameroon. The 357km Ring Road project will connect Cameroon with neighbouring Nigeria. Part of the funding for the work is being provided in the shape of a loan worth US$20.7 million from the African Development Bank (AfDB). In all the project is costing $251.5 million. Only a 60.5km stretch between Ndop and Kumbo has been completed, with delays having been caused by instability in the region. However the new road will help transport and trade between
    Read More
  • Mozambique road development receives funding
    May 15, 2018
    Financing worth US$150 million is being provided by the World Bank, which will be used to help pay for road development work in Mozambique. The funding will be aimed at upgrades to roads in Mozambique’s Nampula Province and Zambezia Province. One of the key upgrades will be to a 70km section of the road connecting Namacurra with Quelimane. The aim of the work is to improve transport for the agricultural sector in the respective provinces.
    Read More
  • Chinese loan to pay for Nigerian road rebuild
    May 21, 2018
    A loan from the Export-Import Bank of China (Exim Bank of China) will help pay for the rebuilding of an important road section in Nigeria. Approval for the funding package was given by Nigeria’s Federal Executive Council, headed by the country’s president, Muhammadu Buhari. The funding will go towards phase II of the works to rebuild the road connecting capital Abuja with the city of Makurdi. The work will rebuild the A234 highway from Abuja to Akwanga, as well as the A3 highway running from Akwanga to Maku
    Read More
  • Congo connection construction contract consolidated
    January 23, 2020
    A new bridge is planned to span the River Congo in Africa.
    Read More

Highlighted Content