Uganda and the African Development Bank last week signed a $229.5 million financing agreement for phase one of the Kampala-Jinja Expressway, a project expected to cut travel time between the two cities and boost trade along the northern corridor which links the country with its neighbours.
The money will finance expressway civil works whose contractor procurement is currently ongoing, for the 95km project whose total cost is $1.48 billion, to be executed under a Public Private Partnership (PPP) arrangement, Uganda National Roads Authority (UNRA) says.
