Contract signed for €126 Million financing for 97 km Road in Uganda to be executed by Tecnovia
On November 8, 2024, in Kampala, a financing contract worth €126 million was signed for the design and construction of a 97 km road in Uganda to be executed by Tecnovia.
The contract was signed between the Ministry of Finance, Planning and Economic Development of the Republic of Uganda (MoFPED) and a consortium of banks led by Citibank, which also includes ABSA and DBSA.
The project, under the responsibility of the Uganda National Roads Authority (UNRA), involves the design and construction of the Lusalira-Kasambya-Nkonge-Sembabule road (Package 4). With a length of 97 km, the new infrastructure is crucial for improving mobility and boosting trade in Uganda’s Central and Western regions.
The work will be executed by the Tecnovia Group, with the project set to begin in January 2025 and a completion timeline of 36 months.
Contract Signing Ceremony
The contract signing ceremony, held at the Ministry of Finance in Uganda, was attended by leaders from the various entities involved.
Project Impact and Objectives
The project will provide a more efficient road network, contributing to the socio-economic development of Uganda’s Central and Western regions, particularly through:
- Improving the quality and connectivity of the national road infrastructure;
- Facilitating the transport of goods and passengers, reducing travel time and costs;
- Stimulating access to economic and social opportunities along the route through high-capacity infrastructure, strengthening regional mobility.
By leading this venture, Tecnovia reaffirms its commitment to creating infrastructure solutions that drive sustainable development across Africa, and particularly in Uganda, a country where it has focused its internationalization strategy.
We grow by doing.
09.12.2024