The President said that although many MPs questioned why Uganda was building roads in Congo yet it still has a poor road network, the country needs to boost its trade with DR Congo with South Sudan in order to build better roads. He added that the matter should not be discussed in such a way to avoid 'annoying' the neighbours.
President Yoweri Museveni has said that the proposal
to construct roads in countries out of Uganda is meant to boost trade that can
enable Uganda to get resources. He was speaking during the 58th
Independence Day celebrations held at State House Entebbe.
MPs and a section of the public have objected to the proposal
that will see 200 billion Shillings earmarked in a supplementary budget for Uganda's contribution to the construction of 223 kilometres of roads in
the Democratic Republic of Congo.
This follows a bilateral agreement between Uganda and the DRC to
implement strategic infrastructure projects. Uganda’s
contribution constitutes 20 per cent of the total cost of the project estimated at USD 334.5 million. Uganda
plans to construct other roads in South Sudan and Ethiopia according to the
Minister of Works General Katumba Wamala.
The President said that although many MPs questioned why Uganda was building roads in Congo yet it still has
a poor road network, the country needs to boost its trade with DR Congo with South Sudan to build better roads. He added that the matter should not be
discussed in such a way to avoid 'annoying' the neighbours.
//Cue in; “We are going…
Cue out… also need it.”//
The President says that the terrible roads
in DRC are hindering business between the two countries, adding that when the roads are constructed, Uganda will
be able to sell its electricity to DRC. Meanwhile Museveni
also said that they will construct an agricultural bank since the commercial
banks serve a far different purpose.
“To address this, the government has increased
capitalization of Uganda Development Bank (UDB) with 1.1 trillion Shillings this financial
year. We are also thinking of setting up an agricultural bank because these
commercial banks are really commercial banks like their name says. They are
there to fund traders who go China to import,” Museveni says.