In the next Financial year 2023 /24, National Roads have been allocated a budget of Ugx 595 billion for development, rehabilitation, and Iand acquisition by the Integrated Transport Infrastructure Services (ITIS) program.
#PlenaryUg
#PlenaryUg
Based on the current contractual commitments, even if the budget for FY 2022/23 is fully released, it is projected that there will be a debt of approximately Ugx 300 billion by the end of this Financial year which will be carried forward to FY 2O23/24.
#PlenaryUg
#PlenaryUg
This debt takes first priority on the budget & is included in the required resource for the next Financial year. This means no allocation has been made towards works to be executed in FY 2023/24 and neither can new rehabilitation and periodic maintenance projects be commenced.
It should further be noted that the progress of externally financed projects largely depends on the speed of land acquisition to provide Right of way for the Projects and the availability of counterpart funding in accordance with the financing agreements.
#PlenaryUg
#PlenaryUg
• • •
Missing some Tweet in this thread? You can try to
force a refresh
