Cabinet approves 108m euros loan for oil roads

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Dennis Katungi

Cabinet sat on Monday February 10, 2020 at State House, Entebbe, and; approved the proposal to borrow up to Euro 108,521,152.60 (Euro One Hundred and Eighty Million Five Hundred and Twenty-One Thousand One Hundred and Fifty-Two.

Denni Katungi, a Communications Specialist, says the money will be borrowed from the Industrial and Commercial Bank of China to finance the Masindi-Biiso, Kabaale – Kiziranfumbi and Hohwa –Nyairongo – Kyarusesa – Butoole Road Upgrading Project.

Upgrading & constructing the national oil roads will; facilitate the efficient development& production of the strategic national oil resources; Enhance the tourism potential of Murchison Falls National park.

It will provide a sustainable upgraded paved road solution which addresses the challenges.

Victoria University

At the regional level, it will add to the network of road infrastructure required for importation of plant &equipment for production from the seaport/s, and movement of construction materials, workers and consumables from other parts of the Country.

Cabinet also noted that Uganda would host the 2nd Land Information System International Conference form 20th-21st February,2020 at Protea Hotel, Entebbe.

The main purpose of the Conference is to share experiences, lessons learnt.

Resolutions & best practices in Land Administration and Management including Implementation of the Land Information System.

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