|
|
 |
|
Viewing report
|
|
|
|
Uganda Infrastructure Report Q1 2011
Business Monitor International, Jan 2011, Pages: 86
The Uganda Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Uganda's infrastructure industry.
While there was considerable activity in Uganda’s roads subsector over the closing months of 2010, the country’s energy sector attracted most funds for infrastructure development – with the exception of a US$350mn Chinese loan for the Kampala-Entebbe Airport road. Uganda can expect exceptional growth in its construction sector on the back of foreign investment going forward, with BMI forecasting growth of 16.95% to UGX4,717bn (US$2.27bn) in 2010.
Recent developments include:
- Rumours of tangible Egyptian involvement in Uganda’s power sector culminated in a US$1bn partnership in December 2010 between Citadel Capital Corporation and a local firm to construct a number of small- to medium-sized power stations. Although the power plants have not been publicly allocated sites, the company is expected to start on the projects in 2011. The country also secured a US$207mn grant from Germany primarily for Uganda’s renewable energy output; while the African Development Bank (AfDB) and the Japan International Cooperation Agency are to extend a UGX500bn (US$214.3mn) loan package to the country to bolster its power distribution.
- A number of road projects saw movement in the final quarter of 2010. Most notably, it was revealed in December 2010 that the government was in the process of securing US$350mn from China for the construction of a road between Kampala and Entebbe Airport. Trade Minister Gagawala Wambusi told reporters that the loan had already been approved by Chinese authorities and that the Ugandan government was working through land issues before construction could commence.
- News in October 2010 that Uganda's National Housing and Construction Company (NHCC) is planning to build 8,728 housing units by 2014 is a much-need step, as it seeks to alleviate the pressure for housing resulting from a growing and increasingly urbanised population. Indeed, according to the NHCC's acting managing director, Kampala requires an additional 800,000 housing units. BMI notes that the while the government's plan of building 4,000 units per year will certainly make inroads into the country's housing deficit, greater private developer investment is needed if a sustainable solution is to be established.
Corruption continues to hamper investment and project timelines, however. Concerns over corruption led the Netherlands to cut its aid support for Uganda by EUR3.2mn (US$4.2mn) for the month of December 2010, for example. Uganda slipped one spot in BMI’s Infrastructure Business Environment Ratings for Africa Q111 to seventh place among nine countries.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
