The Ministry of Finance, Planning and Economic Development is looking for a number of investors to redevelop Uganda Post Limited Properties as well as revamp postal services in Uganda, projects that require over Shs2Trn in capital injection.
Set out as Public-Private Partnerships, the details are contained in the Report on Public Debt, Guarantees, other Financial Liabilities and Grants for Financial Year 2019/20 that was authored by the Ministry of Finance.
Matia Kasaija, Minister of Finance, noted that the redevelopment of the existing properties of Uganda Post Limited is projected to cost USD400Million (Shs1.474Trn) and at the time of the release of the report, a feasibility study for the project was ongoing.
The second project is the redevelopment of Uganda National Cultural Centre (UNCC) Properties, that comprises of the redevelopment of UNCC’s prime property, located at the National Theatre and Nommo Gallery.
The Ministry of Finance argues that the property will be developed into an ultramodern cultural centre with three theatres, resource centre, crafts centre, recreation centre, art gallery, office space and a 5-star hotel.
The estimated project cost is USD174.3 million equivalent to Shs642.880Bn, although the preliminary economic cost benefit analysis has been completed and the procurement of the Transaction advisor is ongoing.
Another project Government is seeking an investor for is the construction of Mulago Car Parking Project intended to develop a modern car parking facility for Mulago Hospital at an estimated cost of USD19.2 million (Shs70,880Bn).
At the time of writing the report, Mulago Hospital was in the process of procuring the services of a transaction advisor to support management in carrying out a feasibility study report as well as procuring a private party to implement the project. Preliminary economic cost-benefit the analysis was completed, but the project has stalled due to lack of funds to carry out a feasibility study.
The Kampala Waste Management Project set to be overseen by Kampala Capital City Authority (KCCA) is another project that Government is hoping to guarantee if an investor comes on board and will run the collection and disposal of waste in the city.
KCCA has acquired 135 acres of land located in Dundu in the Mukono District to undertake a project seeking to establish an integrated waste disposal, treatment, materials and resource recovery facility to optimize waste management.
The estimated cost of the project is USD 64.3 million and a feasibility study for the project is ongoing.
Government is willing to guarantee all the loans acquired by the investors for the above projects, which means, should the investors borrow the money and default on their loans, the tax payer pays up the loan.
