Uganda to raise US$ 328 million for Kampala - Jinja Expressway

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The government of Uganda has presented plans to raise US$ 328 million for Kampala - Jinja Expressway project. The funding will be obtained from the African Development Bank and the French Agency for Development. The government has proposed to obtain a loan on a grace period of eight years and 25 years maturity period. The African Development Bank has tentative interest of 2.25% with a commitment fee of 0.25% for non-disbursed amount, while the French Agency for Development has tentative interest of 1.50% with a commitment fee of 0.50% for non-disbursed amount.

The Kampala - Jinja Expressway project involves the development of a six-lane, 77km limited access toll road between Kampala, the capital of Uganda, and Jinja. It aims to improve road infrastructure in Uganda, improve road safety and facilitate trade and tourism. The project will be developed on a design, build, finance, operate, maintain and transfer basis, with a concession period of 30 years.

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