Public Management

Chinese CICO wins 3 road deals in Uganda

Chinese CICO wins 3 road deals in Uganda
Wednesday, 16 September 2020 14:25

The Uganda National Roads Authority (UNRA) has signed three road construction agreements with the Chinese Chongqing International Construction Corporation (CICO).

Agreements include the construction of 16 km of road between Kira, the country’s second-most populous city, and Matugga, an urban center located north of Kampala, the capital. “This will be the first urban road to have segregated pedestrian walkways and bicycle lanes which will enhance the safety of pedestrians and cyclists,” said the UNRA executive director. The project is valued at 200.3 billion shillings ($54 million). Work is expected to start by the end of the year.

Under the deals, CICO is also entrusted with the construction of the 11 km Najjanankumbi-Busabala road in Kampala, and the rehabilitation of 7.3 km of road in the central city of Masaka. Both projects require 258.8 billion shillings ($70 million) and 35.9 billion shillings ($10 million), respectively.

Let’s note that the projects are fully financed by the government as part of the National Road Development and Maintenance Program (NRDMP).

Romuald Ngueyap

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Bank of Botswana raises key interest rate to 3.5% amid liquidity crunch Move responds to rising interbank rates, falling diamond revenues, and...
Coris Bank Q3 profit rises 6.25% to $93.5M on stronger operations Deposits up nearly 10%, but customer loans fall 3.2% year-on-year Bank...
Net profit fell to CFA11.9 billion amid rising raw material prices. Revenue increased slightly by 1.36% to CFA173.4 billion. The company expects...
Net profit rose to CFA83.3 billion, driven by cost control and strong activity. Customer deposits increased 13.9% to CFA2,939 billion. Loan-to-deposit...
Most Read
01

Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...

Wave Launches Commercial Bank in Côte d’Ivoire
02

Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...

Sonatel Stock Nearly 19% Rise Over the Year, Signals Undervalued Telecom Giant Poised for Further Growth
03

Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...

Presidential Elections: Paul Biya Declared Winner in Cameroon, Alassane Ouattara Favorite in Ivory Coast
04

Safaricom's M-Pesa integrated with Ethiopia's national payment network, EthSwitch, on October 27. ...

Safaricom Integrates M-Pesa Into Ethiopia's Payment Rail
05

ECCBC invests $77.6M to expand Morocco plant, boosting output by 40% New lines produce soft ...

Moroccan Bottler ECCBC Invests $77.6 Million to Grow Its Operations
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.