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
Togo raises $53M via bonds and bills, surpassing 30B XOF target Auction saw 160.86% bid coverage; OATs issued at 6.25% for three years Total...
Africa’s instant payment systems processed 64 billion transactions worth $1.98 trillion in 2024, according to AfricaNenda. The continent counted...
EIB and ZICB to mobilize €30M for Zambian agribusiness SMEs 30% of funds reserved for women-led enterprises; €4M risk-sharing...
IFC lends 170 million rand to Lula to boost digital, unsecured SME lending 80% of funds will support micro and small enterprises Deal strengthens a...
Most Read
01

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
02

The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...

Nigeria Launches National Payment Stack, Targets Faster Digital Transactions
03

Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...

ECOWAS secures $56.7mln German support for security and governance
04

Nigeria implemented the National Payment Stack (NPS), a new unified infrastructure, to enhance dig...

Beyond Banks: Nigeria’s National Payment Stack Embraces Fintechs
05

Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...

UAE faces backlash over alleged role in Sudan’s gold and arms trade
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.