Parliamentary Committee on National Economy - Uganda Multimedia News & Information https://www.weinformers.com Politics, Health, Sceince, Business, Agriculture, Culture, Tourism, Women, Men, Oil, Sports Tue, 15 Nov 2016 09:27:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 MPs okay government request to borrow $ 91m ADB loan for road project https://www.weinformers.com/2016/11/15/mps-okay-government-request-to-borrow-91m-adb-loan-for-road-project/ https://www.weinformers.com/2016/11/15/mps-okay-government-request-to-borrow-91m-adb-loan-for-road-project/#respond Tue, 15 Nov 2016 09:27:28 +0000 http://www.weinformers.com/?p=47822 The Parliamentary Committee on National Economy has agreed to write a report to Parliament okaying Government to borrow 91 million dollars from the African Development Bank to finance a multinational road project. The loan will see an express high way from Uganda/Kigali Busega-Mpigi and Kagitumba-Kayonza-Rusumu roads being constructed to ease on the traffic flow in […]

The post MPs okay government request to borrow $ 91m ADB loan for road project first appeared on Uganda Multimedia News & Information.

]]>
The Parliamentary Committee on National Economy has agreed to write a report to Parliament okaying Government to borrow 91 million dollars from the African Development Bank to finance a multinational road project.

The loan will see an express high way from Uganda/Kigali Busega-Mpigi and Kagitumba-Kayonza-Rusumu roads being constructed to ease on the traffic flow in the city.

Committee that is Chaired by the Nakaseke North MP, Syda Bumba.

Committee that is Chaired by the Nakaseke North MP, Syda Bumba.

Committee Chair, Syda Bumba, says after going through the merits and demerits of the loan, the committee members finally accepted to pass the loan so that the project can kick off.

She said the money for compensation will be footed by the Government of Uganda as a co- funder.

Bumba also said unlike other roads, this one will be particularly designed as a toll road where road users will pay for using it at a cost of 70 shillings per kilometer and that the money would then be used  used for maintenance.

She said the road is not costly because it has been compared with other Countries like Kenya, Ethopia which are within the same range.

East African Development Bank building in Kampala.

East African Development Bank building in Kampala.

The Head Design Uganda National Roads Authority (UNRA), Patrick Muleme , the importance of toll road saying the road will be maintained for over 20 years because it will be generating its own money from the road users.

The post MPs okay government request to borrow $ 91m ADB loan for road project first appeared on Uganda Multimedia News & Information.

]]>
https://www.weinformers.com/2016/11/15/mps-okay-government-request-to-borrow-91m-adb-loan-for-road-project/feed/ 0
Kasaija appeals to MPs to approve loan for Luwero-Butalangwa road construction. https://www.weinformers.com/2016/09/30/kasaija-appeals-to-mps-to-approve-loan-for-luwero-butalangwa-road-construction/ https://www.weinformers.com/2016/09/30/kasaija-appeals-to-mps-to-approve-loan-for-luwero-butalangwa-road-construction/#respond Fri, 30 Sep 2016 11:01:59 +0000 http://www.weinformers.com/?p=47253 Minister of Finance, Planning and Economic Development, Matia Kashaija has asked members of parliament on the National Economy Committee to approve a loan request for the construction of Luwero-Butalangwa road to facilitate investment in the areas which were torn apart during the National Resistance Army (NRA) Liberation war in the early 1980s. Kasiaja said there is […]

The post Kasaija appeals to MPs to approve loan for Luwero-Butalangwa road construction. first appeared on Uganda Multimedia News & Information.

]]>
Minister of Finance, Matia Kasaija.

Minister of Finance, Matia Kasaija.

Minister of Finance, Planning and Economic Development, Matia Kashaija has asked members of parliament on the National Economy Committee to approve a loan request for the construction of Luwero-Butalangwa road to facilitate investment in the areas which were torn apart during the National Resistance Army (NRA) Liberation war in the early 1980s.

Kasiaja said there is urgent need to upgrade the road since it has been impassable during rainy season. He said this while appearing before the Parliamentary Committee on National Economy to defend the loan request of 11.5 million dollars for the construction of this 29 km road.

He said that this will be one of those roads connecting the created industrial park to other investors who are going to manufacture road works material.

He told MPs that they should approve this loan without fear that government will fail to service it, adding that though the country’s debt now stands at 7.4 billion dollars, the money will be cleared in due course.

The Chairperson of the National Economy Committee of Parliament who is also the MP for Nakaseke,North County, Syda Bumba said that this road if constructed will connect the country to one of the area where much milk is produced.

 

The post Kasaija appeals to MPs to approve loan for Luwero-Butalangwa road construction. first appeared on Uganda Multimedia News & Information.

]]>
https://www.weinformers.com/2016/09/30/kasaija-appeals-to-mps-to-approve-loan-for-luwero-butalangwa-road-construction/feed/ 0