The African Development Bank (AfDB) has signed loan agreements of $151 million to finance the construction of the of the 23.7-kilometre four-lane express highway linking Uganda to Rwanda.
The Multinational Highway will be able to link the two countries on a new alignment with four grade-separated interchanges, to make it one of the biggest roads that will border the region.
The whole project is estimated to cost a total $192 million and includes capacity building for Uganda’s Ministry of Works and Transport; and training and capacity building for cross-border women traders at Mirama Hills and women and youth vendors in Busega Market.
The signing of the loan agreements was facilitated by AfDB’s East Africa Regional Development and Business Delivery Office Director General Gabriel Negatu who thanked the Ugandan government for its commitment to the development of infrastructure in the country.
Matia Kasaija, Uganda’s Minister of Finance, Planning and Economic Development thanked the Bank for its support while highlighting the vital role of the highway in improving transport services in central Uganda and its contribution to regional integration.
The African Development Fund officials said that they expect the project to change the face of the country once completed and above all to be completed within the time frame.
Source; AFDB, Editing By Kenyan Wall Street