The Parliamentary Committee on National Economy has agreed to write a report to Parliament okaying Government to borrow 91 million dollars from the African Development Bank to finance a multinational road project.
The loan will see an express high way from Uganda/Kigali Busega-Mpigi and Kagitumba-Kayonza-Rusumu roads being constructed to ease on the traffic flow in the city.
Committee Chair, Syda Bumba, says after going through the merits and demerits of the loan, the committee members finally accepted to pass the loan so that the project can kick off.
She said the money for compensation will be footed by the Government of Uganda as a co- funder.
Bumba also said unlike other roads, this one will be particularly designed as a toll road where road users will pay for using it at a cost of 70 shillings per kilometer and that the money would then be used used for maintenance.
She said the road is not costly because it has been compared with other Countries like Kenya, Ethopia which are within the same range.
The Head Design Uganda National Roads Authority (UNRA), Patrick Muleme , the importance of toll road saying the road will be maintained for over 20 years because it will be generating its own money from the road users.
