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
Dr Maggie Kigozi: Obstacles in businesses are jewels
Dr Maggie Kigozi, director Crown Beverages Ltd has challenged the youth to consider obstacles in starting and running businesses as opportunities to create better lives....
How to widen Uganda’s tax base in a large subsistence economy
Uganda’s tax base remains small and the country is grappling with measures on how to widen the tax base in light of decreasing donor funds and pressures to finance the national budget....
UAE Exchange Uganda observed World Food Day
UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand observed World Food Day on 16th October. This year the theme was Family Farming: “Feeding the world, caring for the earth”...
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter