Headlines
- The Old Mombasa Road will be upgraded to meet the requirements of the Nairobi Expressway.
- Tanzania would be one of the top economies in 2023
- Project Timeline and Information for the Tanzania Standard Gauge Railway (SGR)
- Tanzania exceeds expectations, according to the global innovation index
- AIIF4 invested USD 34 million and supports Kenyan Road Annuity Programme
- Anchor Developments plans to launch in 2022 or 2023 with an investment of EGP 10 Billion
- FSD Eyeing Ethiopian Investment Opportunities; CEO Demands Peace Agreement to Boost Economic Growth
- Tanzania's Bagamoyo Port will be expanded as part of the largest project in East Africa
- Tanzania's Dodoma Stadium, the largest stadium in Africa
- Ethiopian investor plans to build a USD 1 billion WA Cement Factory
Uganda: Japan to Lend Uganda Shs559 Billion for Flyovers
Kampala — Uganda and Japan have concluded a loan agreement for financing the construction of flyovers in Kampala.
Japan will lend Uganda ¥19.989 million (about Sh559b) for the proposed flyovers at Kitgum House intersection on Jinja Road, and at Queen's Way on Entebbe Road.
The loan, which was signed recently, will come with a 0.01 per cent interest rate per annumm and is to be repaid in 40 years. It is hoped the flyovers will ease the flow of traffic to and from the middle-class residential areas to the east and the southwest of Kampala.
The tender and competitive bidding for the construction of the flyovers will be announced in February. A schedule seen by this newspaper indicates the flyovers will be complete in 2019.\
Source : http://allafrica.com/
Posted on : 24 Dec,2015
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