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Uganda Infrastructure Report Q3 2010
Market |
Construction |
Report Type |
Market Research |
Country |
Uganda |
Published |
21 July 2010 |
Number of Pages |
87 |
Download |
|
Immediate |
|
Publisher |
Business Monitor International |
Uganda’s construction sector has remarkably strong growth potential over the medium-term as the government launches a National Development Plan (NDP) for 2010/2011 to 2014/2015, overhauling the country’s socio-economic environment. A core component of the plan is infrastructure development across all sectors and we expect the construction sector to expand by as much as 15.01% in 2010 to UGX4.965bn (US$2.55bn) on the back of this investment.
The government’s NDP will help sustain strong growth as the country is expected to hit economic growth of 7.2% in the 2010/2011 financial year. The World Bank (WB) offered a US$1.97bn loan to Uganda to support the plan. The bank noted that while Uganda had maintained macroeconomic stability, it still faces constraints such as high population growth, regional disparities and weaknesses in governance and service delivery.
The Ministry of Works and Transport’s key objectives for 2010/2011 include the paving and maintenance of roads, traffic flow improvement in Kampala with a modern bus service, greater volumes of passenger and freight traffic on Uganda’s rail network as well as by air and sea. The government is also aiming to relieve pressure on Uganda’s roads by removing freight traffic from this mode of transport, which suffers from axle overloading as over 90% of freight and passenger movement takes place on the road network. Funds for road maintenance will be channelled through the Uganda Road Fund (URF), which will become operational in 2010-2011. The fund is expected to finance the maintenance of 21,000km in national roads, 22,500km in district roads and 5,000km in urban roads.
Meanwhile, the Ministry of Energy and Mineral Development’s main priorities are to expand power capacity and transmission lines, improve rural access to electricity partly through renewable energy, encourage oil exploration and building capacity and geoscientific data within the mining sector. The ministry hopes for a budget allocation of UGX482.46bn (US$210.28mn) for the financial year, which is 31% less than the ministry’s 2009-2010 approved budget of UGX698.93bn (US$304.63mn). The drop appears to be largely due to a sharp reduction in spending on hydropower development in the coming year. Uganda’s power generation capacity currently stands at around 500MW, which the country is working to ramp up to 780-820MW, while increasing rural electrification to 10%. The government is aiming to increase access to electricity for the overall population to 12% within 2010-2011 and to prevent load shedding altogether. The government wants electrification to reach as high as 20% by 2011. Overall, we expect to see an average real growth of 12.6% y-o-y in the construction sector between 2010 and 2014. By 2014 we expect the sector will register a real growth of 13.46%, growing to UGX9,880bn (US$6.27bn).
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