Monday, August 8, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Eastern Africa

African Development Bank signs $229.5 million financing agreement for the Kampala-Jinja Expressway Project

by SAT Reporter
March 23, 2021
in Eastern Africa, Just In, Uganda
0
African Development Bank signs $229.5 million financing agreement for the Kampala-Jinja Expressway Project
0
VIEWS

(The Southern African Times) – The African Development Bank and the Government of Uganda on Tuesday signed a $229.5 million financing agreement for the first phase of the Kampala-Jinja Expressway Project, which will cut travel time and boost trade along an important artery linking Uganda with its neighbors.

The Kampala-Jinja Expressway Public-Private Partnership (PPP) Project-Phase I would improve travel flow, thereby “reducing travel time from more than three hours to under one hour” between Jinja and Kampala along the northern corridor linking Uganda to neighbors Rwanda, Burundi, Democratic Republic of Congo, South Sudan and Kenya, said Matia Kasaija, Minister of Finance, Planning and Economic Development.

Minister Kasaija, who signed the accord on behalf of the government, noted that the African Development Bank was the second-largest multilateral donor to Uganda, contributing 20% of the country’s development assistance in the areas of roads, energy, agriculture, education, health and sanitation.

He said the Kampala-Jinja road was a major gateway for all imports and exports into and out of Uganda and its successful implementation would spur trade volumes and economic growth in Uganda and among its neighbors.

The Bank’s Country Manager for Uganda, Augustine Kpehe Ngafuan, who signed on behalf of the Bank, said the agreement demonstrates the Bank’s commitment to supporting Uganda’s development and enhancing the well-being of its people.

“The Public-Private Partnership model will bring in private sector participation and financing of a key infrastructure in Uganda and will yield a significant economic return for the country with an estimated net revenue of $2.1 billion over the 30-year concession period,” Ngafuan said.

The KJE project would boost local industries, with the agreement stipulating that at least 30% of subcontracting in the project would be awarded to local companies under the Buy Uganda Build Uganda (BUBU) policy. It would create at least 1,500 direct jobs during the construction phase and 250 jobs during the operational phase, Ngafuan said.

The financing of the Kampala-Jinja Expressway Project is part of the Bank’s commitment to improving the quality of life of the people of Africa through regional integration and is in line with its Ten-Year Strategy (2013-2022) for Africa.

The project comprises the Kampala-Jinja Mainline Expressway and the Kampala Southern Urban Bypass (KSB). The works will be implemented in two sections: Section 1 is an urban expressway including KSB (18km) and 35km of the main expressway from Kampala to Namagunga. Section 2 is a rural motorway covering 42km from Namagunga to Jinja.

The proposed concession period is 30 years, including an eight-year construction period. The Uganda National Roads Authority (UNRA) is the executing agency and has already commenced the procurement of a private concessionaire on a design-build-finance-operate-transfer (DBFOT) basis under the Availability Payment PPP model.

Also present at the signing ceremony were Ms. Allen Kagina, the Executive Director of the Uganda National Roads Authority (UNRA) and Mr. Peter Lokeris, Minister for State Works and Transport.

Previous Post

South African rand set for weekly gains, stocks fall

Next Post

Central Africa countries urged to embrace industrialisation

SAT Reporter

Related Posts

Kenya commences shipment of fresh avocados to Chinese market
Business

Kenya commences shipment of fresh avocados to Chinese market

by SAT Reporter
August 3, 2022
US Appoints New Consul General for Lagos
Nigeria

US Appoints New Consul General for Lagos

by SAT Reporter
August 2, 2022
Russia and the West are vying for influence in Africa and Ukraine is a big reason why
International news

Russia and the West are vying for influence in Africa and Ukraine is a big reason why

by SAT Reporter
August 1, 2022
South Africa’s ruling party proposes to nationalise the Reserve Bank
South Africa

South Africa’s ruling party proposes to nationalise the Reserve Bank

by SAT Reporter
August 1, 2022
Kenyan president hails Chinese-built roads for boosting development

Kenyan president hails Chinese-built roads for boosting development

by SAT Reporter
August 1, 2022
Next Post
Central Africa countries urged to embrace industrialisation

Central Africa countries urged to embrace industrialisation

Premium Content

Mozambique seeks targeted foreign support to help tackle insurgency: president

SADC Humanitarian, Emergency Operations Center launched in Mozambique

June 22, 2021
Tobacco industry causing huge environmental damage, WHO warns

Tobacco industry causing huge environmental damage, WHO warns

May 31, 2022
UN: ‘Concerning news’ vaccines may not work against variants

UN: ‘Concerning news’ vaccines may not work against variants

February 11, 2021

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments african markets African news African start-up banking Business China Classic Climate change Content currency Explore Bali Finance football Investment Life Style Markets Market Stories Namibia news Oilandgas oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?