The Ugandan Daily has come to learn of a proposal tabled before parliament to borrow 386 Billion Shillings purposefully for the upgrading of oil roads in the Albertine graben.
Thomas Tayebwa the government Chief Whip, on Wednesday told parliament that the money equivalent to Euros 96.3 million is being sought from the China Construction Bank Corporation for the cause.
The roads include the 54-kilometre Masindi-Biiso road, 25 kilometers of Hohwa-Nyairongo-Kyarushesha-Butole road, and 25.7 kilometers of Kabaale-Kiziranfumbi road.
Construction work on these roads started in April 2019 by the China Railway Seventh Group Company Limited.
“It includes widening of the roads, light grading and opening up of drainage structures, offshoots, drainage drifts, filling potholes, rock blasting, crushing of base course and concrete aggregate, excavation, and clearing of topsoil.” One of the MP’s said.
However, Lwemiyaga County MP, Theodore Ssekikubo questioned why all ministers under the Ministry of Finance were not in the House to present the proposal for the government to borrow.
“I have observed that this is a very important matter to commit the government to borrow such huge amounts of money. We have five ministers in the docket of finance but they are all absent,” said Ssekikubo in part.
He questioned the absence of all finance ministers saying that this poses a challenge in the processing of business in parliament.
The Speaker of Parliament Jacob Oulanyah tasked the chief whip to explain the whereabouts of the ministers,
In response, Government Chief Whip Tayebwa informed parliament that the ministers in charge of finance are meeting President Yoweri Museveni regarding the Budget Framework Paper for the coming financial year.
The budget framework is expected to be tabled before the House on Tuesday next week.
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