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FINANCIAL NEWS
Sudan, Uganda to construct road link in October
29 Mar 2010
(MENAFN) Construction of the 110 kilometer Gulu-Nimule road that links Uganda and Sudan is set to commence in October after donors committed $102 million in funding, Reuters reported.
Separate agreements were signed earlier this month between the Ugandan and Japanese governments committing $34 million, while the World Bank is providing a $68 million line of credit.
The World Bank loan will cover construction of the 74 kilometer stretch from Gulu to Atiak, while the Japan International Co-operation Agency (JICA), is funding the remaining stretch between Atiak and Nimule.
The Gulu-Atiak-Nimule Road forms a crucial regional link between Kampala and Juba, the principal city of Southern Sudan, which is critical to trade and development of both countries, the Bank said.
The road that runs through at least three districts also provides an easy link between Kenya and Sudan by connecting to the existing links to the Kenyan border through eastern and central Uganda.
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