{"id":79871,"date":"2016-12-29T17:00:55","date_gmt":"2016-12-29T15:00:55","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=79871"},"modified":"2016-12-29T17:00:55","modified_gmt":"2016-12-29T15:00:55","slug":"79871","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=79871","title":{"rendered":""},"content":{"rendered":"<h1 dir=\"ltr\" style=\"text-align: center;\">Uganda gets $151 mln loan from African Development Bank for toll road<\/h1>\n<p dir=\"ltr\"><strong>Uganda will expand a major road linking its capital Kampala with Rwanda after signing a deal on Thursday for a $151 million loan from the African Development Bank (AfDB).<\/strong><\/p>\n<p dir=\"ltr\">The 40-year loan will partly finance a new 23 km, 4-lane toll road to help de-congest traffic on an existing road, the finance ministry and AfDB said, adding the government would fund the remainder of the $192 million project.<\/p>\n<p dir=\"ltr\">In recent years East African countries have been investing heavily in transportation infrastructure to help boost trade.<\/p>\n<div class=\"teads-inread\" dir=\"ltr\">A significant chunk of that investment has been directed toward upgrading sections of what is known as East Africa&#8217;s northern corridor, a transport artery that loops in Uganda, Rwanda, Burundi and eastern Democratic Republic of Congo, stretching eastward to the Kenyan sea port of Mombasa.<\/div>\n<p dir=\"ltr\">Matia Kasaija, Uganda&#8217;s finance minister, said at a signing ceremony that the project was aimed at &#8220;increasing overall competitiveness and creating additional wealth and employment&#8221;.<\/p>\n<p dir=\"ltr\">The project would result in &#8220;enhanced trade and regional integration, and reduction in transport costs&#8221;, Kasaija added.<\/p>\n<p dir=\"ltr\">Uganda, a prospective crude oil producer and Africa&#8217;s largest coffee exporter, also plans to build a six-lane, 77-km, $1 billion expressway from Kampala to Jinja, an industrial hub in eastern Uganda.<\/p>\n<p dir=\"ltr\">AfDB, the World Bank and the European Union provide most of the funding for Uganda&#8217;s transportation infrastructure.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uganda gets $151 mln loan from African Development Bank for toll road Uganda will expand a major road linking its capital Kampala with Rwanda after signing a deal on Thursday for a $151 million loan from the African Development Bank (AfDB). The 40-year loan will partly finance a new 23 km, 4-lane toll road to &hellip;<\/p>\n","protected":false},"author":3,"featured_media":79877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-79871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>- Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=79871\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"- Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Uganda gets $151 mln loan from African Development Bank for toll road Uganda will expand a major road linking its capital Kampala with Rwanda after signing a deal on Thursday for a $151 million loan from the African Development Bank (AfDB). 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