Construction of Kampala – Jinja Expressway (KJE) Project

The proposal to borrow up to USD 229.47 million from the African Development Bank (ADB) and Euro 90 million (equivalent to USD 105 million from Agence Francaise De Development (AFD) to finance the construction of the Kampala-Jinja expressway (KJE) project

In line with Article 159 (1) & (2) of the Constitution and Section 36 (1) & (5) of the Public Finance Management Act, 2015, Government can borrow from any source as prescribed by an act of Parliament and the terms and conditions of the loan/borrowing (except loans raised through the issuance of securities or for the management of monetary policy) must be approved by Parliament.

Lender Amount (USD)
Africa Development Bank (ADB) 229,470,000
Agence Francaise De Development (AFD) 105,000,000