World Bank agrees to transport project in Uganda
21 June 2011
The World Bank has approved plans for a transport initiative to go ahead in Uganda.
Last week, the group's board of executive directors gave the go-ahead for additional financing for the Transport Sector Development Project.
This scheme is aimed at supporting the travel infrastructure in the east African country by improving its national road networks and public transport sector.
It is thought that the total cost of the additional financing for the project will reach $75 million (£46.29 million), which will go towards paving the 66-kilometre-long Kamwenge-Fort Portal road, as well as improving networks in order to cut down on travelling times across the nation.
This comes after Uganda signed an agreement with the African Development Bank for a loan of $64 million last week, which will be used to improve the country's agricultural infrastructure.
It will also boost transport services for Uganda's rural communities to allow them to have better access to bigger towns and cities.