UGANDA BORROWS USD 202M LOANS FROM JAPAN FOR THREE MEGA PROJECTS

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By Mukose Arnold Anthony

The government of Uganda has today received a grant and two loans worth USD 202M from the government of Japan for three projects including northern Uganda referral hospitals improvement (USD 26.83M grant), Kampala metropolitan transmission system (loan USD 125.1M) and USD 44.3M loan to complete the construction of the New Bridge at Jinja.

While signing the 3 agreements at the ministry of finance headquarters in Kampala Hon Matia Kasaija minister Finance on behalf of the government has noted that this is an unprecedented moment in history between the 2 countries.

(This is an unprecedented moment in history of our bilateral cooperation between Uganda and Japan, in terms of both the magnitude of your contribution and responsiveness to our needs” Hon Kasaija noted.

The loans will be facilitated for 40 years with a grace period of 10 years and on behalf of Japan government ambassador H.E Kazuaki Kameda said that they decided to grant these loans and grants because the infrastructure where the funds are to be spent are crucial towards development

In presence was state minister for works Gen Edward Katumba Wamala, Irene Mulooni minister of energy and minerals Uganda government, Yutaka Sakase chief Japanese representative in Uganda, Shinichi Saito Japanese representative for infrastructure and Yui Takayama JICA representative for health among other dignitaries

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