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

July 27, 2015

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 15, 2019

New Uganda expressway project underway

Construction work is underway in Uganda for a new expressway project. The 24km Busega-Mpigi Expressway project is being handled by the Chinese contractor China Civil Engineering Construction Corporation (CCEC). The contract is being overseen by the Uganda National Roads Authority (UNRA). Financing for the project worth US$143 million has been provided in the shape of a loan from the African Development Bank (ADB). Around 9km of the route has already been built, with completion expected in 4 years-time.
boombox1

Highlighted Content

boombox2