AfDB’s African Development Fund (ADF) has approved a $71.5 million loan for the upgrade of roads in Uganda, a move that seeks to boost tourism in the districts of Kabale and Kisoro.
In a statement, ADF said the loan will be used to upgrade roads and thus ease movement and connectivity to top tourist destinations; Lake Bunyonyi and Mgahinga National Park.
The loan will facilitate the paving of 34 kilometers of the Kabale-Lake Bunyonyi-Kabeho circuit and the Kisoro-Mgahinga Park Gates road and construct two roadside markets, farm produce holding facilities, and four ferry landing sites on Lake Bunyonyi.
The financing will be sourced under ADF-15, the most recent replenishment of the Fund, which is the concessional lending window of the AfDB Group. The loan represents roughly 86% of the project’s total costs, and the government of Uganda will fund the remaining $11.9 million.
The funds will also underwrite the provision of two ferries with navigational aids and the provision of technical assistance to the government to strengthen road safety regulations and support the implementation of inland water transport aspects of the project.
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