Kasaija signs $145m loan for Albertine roads


Kasaija penning the agreement


Today, the Government of Uganda, represented by Hon. Matia Kasaija, Minister of Finance Planning and Economic Development and the World Bank represented by the county manager, Ms, Christina Malmberg-Calvo, signed a loan agreement for USD 145 million for the Albertine sustainable development project.

The Albertine sustainable development project with aims at improving regional and local access infrastructure, market services and skills development is anchored on three interacting components whose objectives are consistent with Uganda’s vision 2040 and the second national development plan (NDP 11) goal of transforming the Uganda society from a largely rural society to a modern and prosperous country in particular addressing the objective of improving stock and quality f economic infrastructure and skills development.

The regional access and connectivity component will improve overall accessibility to the Albertine region, reduce travel times and I prove access to market and services.

It will finance the uprating of approximately 100 km stretch of road from Kyenjojo to Kabwoya which forms part of the 238 kms from Kyenjojo – Hoima – Masindi – Kigumba road connecting the districts of Kyenjojo, Kibaale, Hoima, Masindi and Kiryandongo in Western Uganda.

The Local access, Planning and Development component will increase rural accessibility to markets and services, prepare selected key urban centres for growth and provide economic infrastructure targeted to key sectors in the region.

The component will finance physical planning and infrastructure development in Hoima district Local Government and Buliisa District Local Government and Buliisa Town Council.

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Lastly the skills access and upgrading component which was designed to upgrade BTVET quality in the oil and gas sector, provide greater access to the BTVET system to people living in the Albertine region.

It will finance the upgrading of selected institutes which support the objectives of the Skilling Uganda Strategy , including the Uganda Petroleum Institute in Kigumba (UPIK), the Uganda Technical College in Kichwamba (UTC) and a new institute in Nwoya district, including , inter alia, physical infrastructure, goods, curricula development and instructor training.

The project is multi sectoral in nature where implementation will be under three sectors; that is the Ministry of Education, Science, Technology and sports, who will be responsible for the third component, Ministry of Lands, Housing, and Urban Development will be responsible for the second component and Uganda National Roads Authority will implement component one.

Ministry of Finance Planning and Economic Development will be responsible for overall oversight of the project and will ensure that all committed funds are properly and exclusively utilised for the intended purposes.

The project will be implemented for a period of six years starting from the date of contract effectively.

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