ABN - The African Development Bank (AfDB) and African Development Fund (ADF) have agreed to provide a US$151 million loan to fund a highway express project that will connect Uganda and Rwanda.
The loan will cover a large chunk of the construction costs involved with the 23.7km, four-lane Busega-Mpigi express highway, which will be built on a new alignment with four grade separated interchanges.
The highway will significantly reduce congestion on the existing Busega-Mpigi road, with over 26,000 vehicles currently travelling along the two-lane tarmac road every day.
Uganda’s Minister of Finance Planning and Economic Development, Matia Kasaija and Gabriel Negatu, East Africa Regional Development and Business Delivery Office Director General signed the deal with the AfDB and ADF in late December.
Kasaija spoke of his appreciation for the bank’s support in the $192 million project and pointed out the strategic importance of the road in improving the transport services in central Uganda.