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Uganda gets $150 mln from EU for roads to boost regional trade

25 September 2013, 21:11

Kampala - The EU has given Uganda 112 million Euros (151 million dollars) in credit and grants to help pay for roads meant to help boost trade in east Africa, it says on Wednesday.

The EU has traditionally been a major source of financing for transport infrastructure for the prospective crude oil producer.

Uganda, however, has lately appeared to lean increasingly toward China which has extended cheap loans to help finance projects including highways, hydro power dams and public office blocks.

Uganda's national budget has been squeezed since major western donors including Britain, its biggest source of bilateral aid, suspended financial support toward the end of last year after allegations that 13 million dollars worth of aid had been embezzled.

The latest funds will help to improve the Kampala Northern Bypass and construct the Mbarara Bypass, which would speed up the flow of cargo on a highway linking Uganda, Rwanda, Burundi, the Democratic Republic of Congo and South Sudan to Kenya's Mombasa seaport.



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