AfDB signs 2 financing agreements for USD348 million in Uganda

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The African Development Bank (AfDB) and the Government of Uganda have signed two financing agreements totaling around US$348 million for the improvement of road transport in Uganda. The first agreement is a US$276 million financing for the Kampala City Roads Rehabilitation Project. The second agreement is valued at US$71.8 million and is for upgrading the Kabale-Lake Bunyonyi/Kisoro-Mgahinga road.

The agreements were signed on May 11, 2021 by Minister of Finance of Uganda, Planning and Economic Development Matia Kasaija, and African Development Bank Uganda country manager Augustine Kpehe Ngafuan. The projects are in line with the government’s national development plan as well as the African Development Bank’s High 5 strategic priorities.

Kabale-Lake Bunyonyi/Kisoro-Mgahinga road project involves the improvement of transport connectivity in south-western Uganda by connecting roads with inland water transport on Lake Bunyonyi and agricultural supply chain efficiency in Kabale, Rubanda, and Kisoro. The project is expected to be completed in 2024.

Kampala City Roads Rehabilitation project is focused on the redevelopment of current roads in the city, by upgrading 22 road junctions and enhancing the drainage capacity to mitigate flooding on the streets. The planned completion date for the project is the end of 2026. 

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