Tuesday, June 6Elite News ---- For Adverts or Story call: 0788166280 | 0705145487-----
Shadow

Govt tables Shs 2.3 trillion loan request for Kampala roads renovation.

Government has tabled before parliament a loan request worth Shs 2.26 trillion (about $608.66 million) to upgrade roads in Greater Kampala.
David Bahati, the minister of state for Trade tabled the loan request during a plenary sitting on Wednesday. The loan is being sought from the World Bank and Agence Française de Développement (AFD) to finance the Greater Kampala Metropolitan Area Urban Development Programme.
Once accessed, the finances will aid the improvement of road infrastructure within Kampala, Wakiso, Mukono and Mpigi, including the municipalities of Entebbe, Kira, Makindye-Ssabagabo, Nansana and Mukono.
Through the program, government seeks to address challenges of flooding, traffic congestion, un-signalized junctions and poor road infrastructure among others.
The program also seeks to upgrade strategic interconnecting roads measuring 611km, junctions, drainage channels, markets and workspaces in order to improve the Greater Kampala Metropolitan area productivity and livability for sustainable social economic development.
The transit corridors to be undertaken are Kampala-Jinja expressway and Kampala-Southern bypass, Kampala-Bombo expressway, Nakasero-Kampala Northern bypass, Kampala outer-belt ring road and Kampala fly-over phase II.
Bahati says that the planned upgrading of the roads will be part of the domestic revenue mobilization strategy aimed at marketing and promoting the use of rental properties that are outside the central business district.
“The programme will also contribute to addressing environmental degradation and flooding in this region through construction of climate and disaster resilient infrastructure, planting of trees and construction of drainage channels, and greening of some of the areas along the road reserves,” said the minister.
Deputy speaker of parliament Thomas Tayebwa referred the loan proposal to the committees of national economy and presidential affairs for scrutiny.

 58 total views,  2 views today

MEGA MILK

Leave a Reply

Your email address will not be published. Required fields are marked *

WP2Social Auto Publish Powered By : XYZScripts.com