BUGANDA Land Board has leased over 140 acres of land in Kampala to a Finnish company to set up a housing project worth about sh120b.
Equatorial Real Estates will operate in Buziga, a suburb where over 300 houses are to be constructed.
The companyâ€™s Chief Executive Officer, Lucas Kranck, said that contrary to claims by some people, the 200 families on the land would not be evicted forcefully. Instead, Kranck said, all the squatters would have an opportunity to purchase the land. â€œEverybody with a house should stay. They will be given an opportunity to buy the land at a fair price,â€ he told the press at Imperial Royale Hotel in Kampala on Thursday.
â€œWe have to work with the community because our activities cannot succeed without their support.â€
He said the price of the land would be between sh10m and sh16m. â€œWe are working with the people to regularise their status to enable them acquire land titles.â€
The companyâ€™s plans have caused uproar among some residents. About sh6b has been injected into the project.
The work already done includes four kilometres of roads.
Buganda leases out over 140 acres of Kampala land