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UGANDA GOVT. APPROVED LOANS FOR UPGRADING OF NATIONAL ROADS PROJECT
The government received the green light to finance major road works under the Upgrading of National Roads Project in Uganda, through loan funding worth US$325 million (Shs1.23 trillion). This was during the plenary sitting chaired by Speaker, Anita Among, on Wednesday. The loan will be secured from the Islamic Development Bank (US$295 million) and the OPEC Fund for International Development (US$30 million), whereas the government is expected to provide US$22 million for land acquisition. The…
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