Ugandan government signs loan agreement with AfDB
14 June 2011
Improvements to Uganda's agricultural infrastructure are likely to come about as a direct result of a new loan agreement with the African development Bank (AfDB).
AfDB has signed an agreement with the nation's government for a loan of UA 40 million.
The loan is to be used for the community agricultural infrastructure improvement programme in the country.
AfDB vice-president Kamal ElKeshen took the opportunity to confirm the strength of the relationship between the Bank and Uganda, while also affirming his commitment for the project.
He said: "The Bank will continue to support your government's efforts to bring about transformative and sustainable development in Uganda."
The objective of the project is to improve access to transport services for the rural population in order to develop an adequate, affordable, safe, environmentally sound and efficient transport system within the context of a progressive and competitive market economy.
Finance is required for, among other things, the rehabilitation of 225 km of district roads and 4365 km of community access roads.