UK Export Finance to help finance construction of new airport in Uganda

UK Export Finance (UKEF) announced (11-Dec-2017) EUR270 million will be loaned to Uganda's Government to help finance the construction of a new international airport in the Kabaale region. The airport will be Uganda's second international airport, opening access for the delivery of equipment, materials and services. UKEF's finance will help support work on the construction of the runway, taxiway, cargo terminal and other necessary infrastructure to be undertaken by Colas UK. Work is scheduled to commence in Jan-2018. Additional financing will be provided by Standard Chartered. A second phase of development is planned to improve the airport's capacity to support tourism and international trade at a later stage. [more - original PR]