AfDB to provide $245M for Uganda-Rwanda transport project

WCN Editorial Team 27 Jun 2016 AFRICA TRANSPORT INFRASTRUCTURE

The African Development Bank (AfDB) has approved $245M in loans and grants to the governments of Uganda and Rwanda to finance a transport project.


In Uganda, the bank’s $151M loan will be used to support the construction of a 23.7km expressway, which will facilitate the journey between Kampala (Busega) and Mpigi on the Northern Corridor — a major trade route in the region.

In Rwanda, the $94M bank loan will finance the rehabilitation of a 208km road in eastern Rwanda.

The project also involves the construction of two cross-border markets at Kagitumba and Rusumo.

Amadou Oumarou, AfDB’s Transport & ICT Department director, said: “The project will contribute to poverty reduction, improve the quality of life of people in the area by providing socio-economic facilities.

“It will also contributes to agriculture development and food security; and facilitates industrialization through reduced transportation and logistics costs.”

The overall cost of the project is estimated at $376.5M, and will be co-financed by AfDB ($244.6M), Japan International Cooperation Agency ($56.3M), European Union ($22.4M) and the governments of Uganda and Rwanda ($53.2M).

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