Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-11-08 16:00:00
Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025.
The financing agreement signed on Friday is for the project expected to cost Shs534.9 billion (exclusive of VAT) of which Shs479.8 billion will be funded by Citibank and Shs55.11 billion (10.3%) of the project costs to be met by the Ugandan government, which will also be responsible for taxes.
Speaking at the conclusion of the agreement in Kampala, finance state minister…
Read the full article on Uganda Monitor
