Parliament has approved government’s additional request to borrow and also receive a grant of all totaling to over US$600 million to finance the Greater Kampala Metropolitan Area Urban Development Programme.

The approval follows a motion moved by the State Minister for Finance, Hon. Henry Musasizi during the sitting of the Housechaired by Deputy Speaker, Thomas Tayebwa on Wednesday, 22 January 2025.
Musasizi said that the programme aims to strengthen the capacity of the Ministry of Kampala City and Metropolitan Affairs, Kampala Capital City Authority (KCCA) and eight local governments within the Greater Kampala Metropolitan Area (GKMA) to deliver coordinated infrastructure and services.
“The programme will contribute to the National Development Plan IV and specific objectives include enhancing economic infrastructure, conserving environmental assets, supporting the informal sector, promoting tourism, and improving service delivery by local governments,” he explained.
The loan terms have a 25-year maturity period, including a seven-year grace period.
The Chairperson of the Committee on National Economy, Hon. John Bosco Ikojosaid there issteady progress on the project which began after Parliament approved the borrowing in May 2024.
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