Japan to Lend Uganda Shs559 Billion for Flyovers
Kampala — Uganda and Japan have concluded a loan agreement for financing the construction of flyovers in Kampala.
Japan will lend Uganda ¥19.989 million (about Sh559b) for the proposed flyovers at Kitgum House intersection on Jinja Road, and at Queen's Way on Entebbe Road.
The loan, which was signed recently, will come with a 0.01 per cent interest rate per annumm and is to be repaid in 40 years. It is hoped the.... Read more »
Posted on : Thursday , 24th December 2015