Egis, the company contracted to collect the road toll on Kampala – Entebbe Expressway, has so far collected Shs75 billion since the commencement of the system on 8th January 2022.
Egis made the revelation on their social media page X, on Thursday, December 28.
Related posts
“All tolling revenue is collected and immediately passed to the UNRA account, which directly credits the consolidated account of Uganda. Egis is Paid separately by UNRA to operate and maintain the Kampala Entebbe Expressway,” the company said.
“We appreciate the people of Uganda, particularly the road users who have utilized the expressway. Their support and dedication to this modern transport network reflects their commitment to progress and development of the nation,” it added.
Motorists pay between Shs 3,000 and Shs 18,000 per trip on the expressway, which connects from Kampala Northern bypass at Busega and joins the Old Entebbe road at Mpala. The collections will be used to repay the $350 million loan the government acquired from the Exim Bank of China to construct the 51.4-kilometre expressway.
According to the loan agreement, the repayment schedule runs from July 21, 2019, to January 21, 2032. In the 13-year repayment period, the government plans to pay $26.8 million (about Shs 95 billion) every year. This means that the government should collect at least Shs 7.8 billion monthly to meet the loan obligation.
