AfDB Approves Shs650b Loan to Upgrade Arua Airport Into Uganda’s Second International Hub

AfDB approves Shs650b loan to upgrade Arua Airport into Uganda’s second international hub

On Thursday, June 18, the AfDB Board of Directors announced €155.99 million (Shs560 billion) in funding for Phase 1 of the Uganda Airports Development Programme

African Development Bank Pumps €155.99 Million Into Construction Of Arua Int'l Airport

By Spy Uganda After decades of anticipation, lobbying, and delayed promises, the long-awaited transformation of Arua Airfield into an international airport is finally within reach following a major funding breakthrough from the African Development Bank Group (AfDB). The AfDB Board of Directors on Thursday approved €155.99 million for Phase One of the Uganda Airports Development…

African Development Bank Group approves Shs650 billion for Arua Airport

Arua is the second busiest domestic airport in the country after Entebbe, with a monthly average of 180 air traffic movements Arua, Uganda | URN | The African Development Bank Group’s Board of Directors has approved over 650 billion shillings (€155.99 million) to finance the upgrade of Arua Airport. It is expected that the upgrade will transform regional air transport and unlock new economic opportunities. With the funding, Arua Airport will be …

AfDB Approves €155.99m for Arua International Airport Upgrade

ARUA — The African Development Bank (AfDB) Group has approved financing worth €155.99 million for the upgrade of Arua Airport into an international-standard aviation facility, a major infrastructure investment expected to strengthen regional trade, tourism and connectivity across Uganda’s West Nile region and neighbouring countries. The funding, approved by the Bank Group’s Board of Directors, will support the first phase of the Uganda Airports …

AfDB approves EUR 155.99 million for Arua Airport upgrade in Uganda

A multilateral development finance institution of Africa, African Development Bank Group has approved EUR 155.99 million in funding for the modernisation of Arua Airport in northwestern Uganda, a major infrastructure project that aims to strengthen domestic and regional air connectivity, support tourism and trade growth, and position the West Nile region as a key gateway to neighbouring South Sudan and the Democratic Republic of Congo. In a pres…