Release date: 21 February 2024
Promoter – Financial Intermediary
TOWERCO OF AFRICA UGANDA LTDLocation
Description
The project relates to the construction of 659 new mobile sites in Uganda. At least 50% of the towers will be located in rural areas without mobile service coverage.
Objectives
The aim is to provide mobile coverage in areas that have currently no access to a mobile-broadband network and increase capacity in areas where the current mobile networks are saturated.
Sector(s)
- Telecom - Information and communication
Proposed EIB finance (Approximate amount)
USD 25 million (EUR 23 million)
Total cost (Approximate amount)
USD 85 million (EUR 80 million)
Environmental aspects
If located within the EU, these activities would neither fall under Annexes I nor II of the EU Directive 2011/92/EU amended by Environmental Impact Assessment (EIA) Directive 2014/52/EU. However, the Construction and expansion of communications towers is included in the Schedule 5 of the Ugandan National Environment act of 2019, listing types of projects for which an environmental and social impact assessment is mandatory for obtaining the approval of the projects. Full environmental and social details will be assessed during appraisal
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 30/12/2023
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).