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
Renaprov Finance plans a BVMAC IPO to raise CFA8.4 billion by offering 44.44% of its capital to the public. The listing would make Renaprov the second...
Egypt’s central bank and Afreximbank signed an MoU to create a pan-African gold bank. The partners will conduct a feasibility study covering technical,...
Burkina Faso plans to launch a certified electronic invoicing system in January 2026. Authorities aim to raise tax revenue, curb VAT fraud, and reduce...
Jiangsu Yunyi Electric will build a wholly owned automotive components plant in Morocco. The project will require an investment of $66 million,...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
04

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
05

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
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.