Under the multibillion project, 11 new modern markets will be constructed in Busia, Masaka, Kasese, Arua, Soroti, Mbarara, Entebbe, Moroto, Tororo, Kitgum and Lugazi
Government is set to invest $94m (about sh316b) in construction of 11 new markets all over the country.
This project under Markets and Agricultural Trade Improvement Programme 2 (MATIP-2) will commence in July this year. It will be funded by USD 84.2M (about 284m) loan sourced from the African Development Bank (ADB) and USD 9.52M (about 32b) contributed by government.
Under the multibillion project, 11 new modern markets will be constructed in Busia, Masaka, Kasese, Arua, Soroti, Mbarara, Entebbe, Moroto, Tororo, Kitgum and Lugazi.
The development was made by the national programme facilitator, Yasin Sendawula during the launch of the project at Imperial Resort Beach Hotel at Entebbe on Friday.
During the function, there was signing of memorandum of understanding (MOUs) between the Ministry and the beneficiary Municipal Councils.
He said the project is aimed at improving marketplace economic and social infrastructure thus inducing incremental production and marketing of agricultural commodities, enhancing the incomes of vendors, reducing post-harvest losses and increasing employment and customer satisfaction.
He said the overall goal of MATIP is to contribute to poverty reduction and economic growth in Uganda through enhanced commercialization of agricultural produce and other merchandise.
Under MATIP one, government completed the reconstruction of seven modern markets of Wandegeya in Kampala, Mpanga, Hoima, Jinja, Mbale, Lira, and Gulu.
The markets have several facilities including lockups, stalls, clinics, restaurants, day care centers, police booths, offices, pharmacies, agro-processing stores, banking facilities, parking areas and provisions of local area networks. It was funded by ADB and African Bank for Economic Development in Africa (BADEA).