Africa's 5th Largest Uganda Opens $112 Million Bridge (photo) - Parrot News | Latest News, Happenings, Events, Politics and Entertainment across Africa

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Saturday, October 20, 2018

Africa's 5th Largest Uganda Opens $112 Million Bridge (photo)

Uganda  Opens $112 Million Bridge, Africa's 5th Largest

Uganda has opened Africa's 5th largest bridge in Jinja, in the eastern part of the country.

The 525 meters long cable-stayed bridge was funded by the Japanese International Cooperation Agency (JICA) and Uganda's President Yoweri Museveni claimed "it will last for 120 years." 
The bridge has been named "Source of the Nile bridge" and the project cost US$112 million. The government of Japan financed 80% as a loan of US$100 million at an annual interest rate of 0.01%, repayable in 10 years but extendable to 40 years. 
The new bridge is built across the Victoria Nile and is expected to reduce the heavy traffic that passes through the Nalubaale Bridge which was built 64 years ago. 
"Commissioned the new cable-stayed bridge in Jinja. The Shs41b bridge was constructed with support of the Japanese International Cooperation Agency (JICA) and it will last 120 years," the President said in a tweet.


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