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Parliament approves a loan proposal worth to eight hundred and sixty-eight billion

Published 1 month ago - 12


Parliament has approved USD 235.458 Million [equivalent to eight hundred and sixty-eight billion] to finance the development of Namagumba-Budadiri-Nalugugu [29.0KM], Katuna-Muko-Kamuganzi road (104.0 KM) Laropi – Moyo – Afoji road.

In a Plenary sitting chaired by the Speaker of Parliament on Wednesday, Parliament unanimously approved the proposal to borrow the USD 235.458 Million [equivalent to eight hundred and sixty-eight billion] from the African Development Bank.

Hon Lawrence Bategeka, Vice-Chairperson of the Committee on National Economy, urged the August House to approve the proposal and it would go a long way to enhance socio-economic growth of the project areas by provision of the area by attracting investments.

Bategeka highlighted that the loan proposal if approved would increase the country’s total nominal public debt that stood at UGX 47.305 trillion (USD 12.55 billion) at the end of June 2019 from UGX 42.07047 trillion at the end of June 2018.

“This loan will increase the country’s total nominal public debt that stood at UGX 47.305 trillion (USD 12.55 billion) at the end of June 2019 from UGX 42.07047 trillion at the end of June 2018. However, the provisional total public debt stock as at April 2020 stood at UGX 53.6976 trillion, an increase of about 13.7% relative to July 2019 (Bank of Uganda, June 2020).” Said Bategeka

Bategeka further observed that the Committee on National Economy was concerned with the continued vandalization of road furniture. He noted that vandalization of road furniture continued to be a big challenge in compromising the safety and quality of road and road facilities.

“The Committee observed the continued vandalization of road furniture; theft of road signs and reflectors on newly constructed roads has become rampant. The chain-link fence installed along the Kampala-Entebbe Expressway that secures to bar stray animals and intruders from interrupting traffic on the high-speed road was vandalized.” He added

MP Nandala Mafabi (FDC, Budadiri West) was, however, concerned unfair distribution of roads and other infrastructure development in Uganda. He said that the Eastern region has always received a raw deal compared to the different areas like the Western region.

The Speaker added her voice to the concerns raised by MPs over the unfair, regional distribution of road construction. She cited the Namagumba-Budadiri-Nalugugu [29.0KM], Katuna-Muko-Kamuganzi road (104.0 KM) Laropi – Moyo – Afoji road, as a true reflection of unfairness.

Gen Edward Katumba Wamala, defended the government saying that the government had equally distributed the road construction across the country.

“We are balancing the construction of roads in the country, and I will come back and show for the next five years how the roads are going to be constructed region by region,” said Katumba.

Upon approving the proposal by government, the Speaker told the Minister of Works, that Parliament was not going to pass any other loan proposal until they present the to Parliament the planned road developments in the country.

Katumba, in response to the concerns raised by MPs, promised to present the planned roads constructions in Uganda.

 

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