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World|life|October 22, 2018 / 04:40 PM
Uganda opens $112 million bridge, Africa's 5th largest

AKIPRESS.COM - Uganda has opened Africa's fifth-largest bridge in Jinja in the eastern part of the country, CNN reports.

The 525-meter-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.

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