President Yoweri Kaguta Museveni has rejected the proposal by Ministry of Works to source for a loan to facilitate the construction of Kampala- Jinja Expressway.
He rather responded saying the executive ruled out external or internal borrowing for development of infrastructure except the railway, electricity, oil roads among others.
“In my earlier letter, I have expressly ruled out external borrowing except for the railway, electricity, controlling the cost of money (capitalizing UDB), the oil roads, the tourism roads, some aspects of education, some aspects of health and irrigation,” Museveni’s letter dated September 19 directed to Minister Monica Azuba Ntege stated.
He added, “accordingly, I reject the idea of borrowing for the Kampala-Jinja Expressway.”
The President recalls that there is a Chinese Company by the names of China Railway No. 17, whose delegates he met, that are ready to build this road with their own money and recover their money through road tolls.
“Why, then, should we borrow for this road? Moreover, the roads are not the major cost reducers compared to the railway or electricity.”
Museveni has since invited this Chinese firm to make their presentations and proposals for the expressway.
