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Add to Preferred SourcesThe African Development Bank East Africa Regional Resource Centre (EARC), and the East African Community (EAC) signed a Financing Agreement of $1,151,515 to finance the Project Preparation Phase of three key Multinational Road Sections between Masaka in Uganda to Kumunazi in Tanzania.
The Secretary-General of the East African Community, Amb. Liberat Mfumukeko signed on behalf of the Community while Mr. Gabriel Negatu, Director General of the African Development Bank East Africa Regional Resource Centre (EARC), signed on behalf of African Development Bank.
The purpose of the Grant is to finance the Project Preparation Phase of three key Multinational Road Sections between Masaka in Uganda to Kumunazi in Tanzania. The key Multinational Road Sections covered under this Grant for preparatory works include: Masaka to Mutukula Section (89.5km) in Uganda; Mutukula to Kyaka Section (30km) in Tanzania as well as Bugene to Kasulo to Kumunazi Section (133kM) also located in Tanzania.
At the same occasion, the EAC presented a list of 18 priority projects to be supported by the Bank under its Regional Integration Strategy Paper(RISP) 2017-2021.
Presence at the signing ceremony were the EAC Deputy Secretaries General in charge of Planning and Infrastructure , Eng Steven Mlote, Counsel to the Community, Dr. Anthony Kafumbe, Executive Secretary of Lake Victoria Basin Commission( LVBC), Dr. Said Ali Matano and Executive Secretary of East African Health Research Commission (EAHRC), Prof Gibson Kibiki.
Original source: EAC
Published on 14 November 2017