Business
New city markets to create 22,800 working space
Publish Date: Mar 12, 2014
New city markets to create 22,800 working space
Wandegeya Market
  • mail
  • img
newvision

By Taddeo Bwambale

The Kampala Capital City Authority (KCCA) has finalized plans to construct seven new modern markets in the five city divisions.


Upon completion, the new markets are expected to create additional working space for 22,800 city traders.

KCCA spokesperson, Peter Kaujju said construction of the new markets would cost ($100m) sh250b.

Part of money has been secured to buy land for Bukoto, Kitintale and Ggaba markets, Kaujju said. Other markets are to be rebuilt in Busega, Kasubi, Ntinda and Nakulabye.

"Designs for Busega market in Rubaga Division have been completed and construction will commence in June 2014," Kaujju said.

Kaujju said funds for procurement of land for the other markets and their construction had not yet been secured. Most of the markets have been in dire state, with filthy working conditions.

Reconstruction of most city markets had long stalled due to management wrangles and funding challenges.

According to KCCA, the seven new markets will be built to similar standard as the sh22b Wandegeya Market that houses 1,200 traders.

The market was completed last year, occupied by the traders in January and has supporting facilities including banking halls, cold chains.

The construction of more city new markets is part of KCCA's plan to get rid of large numbers of vendors still operating on city streets.

It is also intended to reduce pressure in the existing facilities and congestion in the city, by increasing capacity of the markets to accommodate more traders.

According to KCCA, more city markets are to be rebuilt on a public-private-Partnership arrangement, where a private developer constructs a market and earns royalties from KCCA.

USAFI market along Entebbe Road was built on the same arrangement as well as an open market in Kisenyi that is nearing completion.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Women conference to address business networking challenges
The conference, which opens on Thursday, will focus on devising means of confronting key challenges that hinder women from fully exploiting their potential....
Apple market value hits $700 bn
A rise in Apple shares Tuesday pushed the market value of the trend-setting US tech icon above $700 billion, becoming the first company to hit that milestone....
82 Ugandan companies enter EAC market
Eighty-two new small to medium Ugandan companies have managed to break into the East African market since 2009, according to the Uganda Exports Promotions Board (UEPB)....
Merck buys rights to NewLink
US drugmaker Merck has bought the rights to an experimental Ebola vaccine being developed by NewLink Genetics, the companies have said....
MTN tops most admired, valuable African Brand
MTN has again topped the Brand Africa 100® list as the most admired and most valuable African Brand. At over $5.4b, MTN is the only African brand valued over a billion dollars....
17 business personalities awarded American honorary doctorates
A group of 17 personalities with footprints in business and humanitarian circles, have been awarded honorary philosophy doctorates in humanities by an American institution, for positive transformation of society....
Should Govt lease parts of Lake Victoria to private developers?
Its Ok
No Way
Not Sure
follow us
subscribe to our news letter