Developers raise sh64b for Old Taxi Park malls
Feb 09, 2009
THE plots around the Old Taxi Park developers have acquired sh64.8b to build modern shopping malls, their chairman, Dick Kizito, was obtained from various banks as loans. Kizito said construction work would start on February 15.
By Moses Mulondo
and Joseph Mutebi
THE plots around the Old Taxi Park developers have acquired sh64.8b to build modern shopping malls, their chairman, Dick Kizito, was obtained from various banks as loans. Kizito said construction work would start on February 15.
Kampala City Council (KCC) demarcated the land around the park for redevelopment and leased the plots to 12 city property moguls for five years at sh200m each as premium and ground rent.
The firms that got plots include D.K.S, Kagodo Farmers, Abamwe Transporters, Aponye, Kabale Distributors, Key & Ham Investments and City Oils. Others are Kanaba Agencies, Giant Eagle, Contractors and Transporters, Shumuk Industries and Lukyamuzi Investments.
The dilapidated buildings surrounding the park, which were built in the 1940s, will be demolished and replaced with storeyed shopping malls.
“We shall not give any more warning to the current occupants because on
November 16, 2006 KCC gave them a warning notice.
“Redeveloping the area is long overdue. It will not be delayed any longer,†Kizito said.
He said the project does not necessitate relocating the taxi park since the malls will be built around it.
“Our project does not stop UTODA from operating from the place. That is how it was designed.â€
Last week, local government minister, Kahinda Otafiire, instructed KCC to provide security to the developers so that they start construction.
The firms first attempted to begin construction last year in August, but the exercise was resisted by the sitting tenants who blame KCC for denying them the chance to redevelop the area.
However, the city mayor, Nasser Sebaggala, said the redevelopment exercise has to go ahead, arguing that the tenants do not have the capacity to construction the malls to the required standard.
“It has become a habit to resist development in Kampala, especially by sitting tenants and some politicians, but development is irreversible.
“Whoever stands in the way will be defeated.â€
The Uganda Taxi Operators and Drivers Association chairman, Moses Katobgole, however, said they have not yet agreed with KCC on the project.
“The mayor has promised to meet with us on the matter and we are waiting for his team.â€
Developers raise sh64b for Old Taxi Park malls
By Moses Mulondo
and Joseph Mutebi
The plots around the Old Taxi Park developers have acquired sh64.8b to build modern shopping malls, their chairman, Dick Kizito, was obtained from various banks as loans. Kizito said construction work would start on February 15.
Kampala City Council (KCC) demarcated the land around the park for redevelopment and leased the plots to 12 city property moguls for five years at sh200m each as premium and ground rent.
The firms that got plots include D.K.S, Kagodo Farmers, Abamwe Transporters, Aponye, Kabale Distributors, Key & Ham Investments and City Oils. Others are Kanaba Agencies, Giant Eagle, Contractors and Transporters, Shumuk Industries and Lukyamuzi Investments.
The dilapidated buildings surrounding the park, which were built in the 1940s, will be demolished and replaced with storeyed shopping malls.
“We shall not give any more warning to the current occupants because on
November 16, 2006 KCC gave them a warning notice.
“Redeveloping the area is long overdue. It will not be delayed any longer,†Kizito said.
He said the project does not necessitate relocating the taxi park since the malls will be built around it.
“Our project does not stop UTODA from operating from the place. That is how it was designed.â€
Last week, local government minister, Kahinda Otafiire, instructed KCC to provide security to the developers so that they start construction.
The firms first attempted to begin construction last year in August, but the exercise was resisted by the sitting tenants who blame KCC for denying them the chance to redevelop the area.
However, the city mayor, Nasser Sebaggala, said the redevelopment exercise has to go ahead, arguing that the tenants do not have the capacity to construction the malls to the required standard.
“It has become a habit to resist development in Kampala, especially by sitting tenants and some politicians, but development is irreversible.
“Whoever stands in the way will be defeated.â€
The Uganda Taxi Operators and Drivers Association chairman, Moses Katobgole, however, said they have not yet agreed with KCC on the project.
“The mayor has promised to meet with us on the matter and we are waiting for his team.â€
and Joseph Mutebi
THE plots around the Old Taxi Park developers have acquired sh64.8b to build modern shopping malls, their chairman, Dick Kizito, was obtained from various banks as loans. Kizito said construction work would start on February 15.
Kampala City Council (KCC) demarcated the land around the park for redevelopment and leased the plots to 12 city property moguls for five years at sh200m each as premium and ground rent.
The firms that got plots include D.K.S, Kagodo Farmers, Abamwe Transporters, Aponye, Kabale Distributors, Key & Ham Investments and City Oils. Others are Kanaba Agencies, Giant Eagle, Contractors and Transporters, Shumuk Industries and Lukyamuzi Investments.
The dilapidated buildings surrounding the park, which were built in the 1940s, will be demolished and replaced with storeyed shopping malls.
“We shall not give any more warning to the current occupants because on
November 16, 2006 KCC gave them a warning notice.
“Redeveloping the area is long overdue. It will not be delayed any longer,†Kizito said.
He said the project does not necessitate relocating the taxi park since the malls will be built around it.
“Our project does not stop UTODA from operating from the place. That is how it was designed.â€
Last week, local government minister, Kahinda Otafiire, instructed KCC to provide security to the developers so that they start construction.
The firms first attempted to begin construction last year in August, but the exercise was resisted by the sitting tenants who blame KCC for denying them the chance to redevelop the area.
However, the city mayor, Nasser Sebaggala, said the redevelopment exercise has to go ahead, arguing that the tenants do not have the capacity to construction the malls to the required standard.
“It has become a habit to resist development in Kampala, especially by sitting tenants and some politicians, but development is irreversible.
“Whoever stands in the way will be defeated.â€
The Uganda Taxi Operators and Drivers Association chairman, Moses Katobgole, however, said they have not yet agreed with KCC on the project.
“The mayor has promised to meet with us on the matter and we are waiting for his team.â€
Developers raise sh64b for Old Taxi Park malls
By Moses Mulondo
and Joseph Mutebi
The plots around the Old Taxi Park developers have acquired sh64.8b to build modern shopping malls, their chairman, Dick Kizito, was obtained from various banks as loans. Kizito said construction work would start on February 15.
Kampala City Council (KCC) demarcated the land around the park for redevelopment and leased the plots to 12 city property moguls for five years at sh200m each as premium and ground rent.
The firms that got plots include D.K.S, Kagodo Farmers, Abamwe Transporters, Aponye, Kabale Distributors, Key & Ham Investments and City Oils. Others are Kanaba Agencies, Giant Eagle, Contractors and Transporters, Shumuk Industries and Lukyamuzi Investments.
The dilapidated buildings surrounding the park, which were built in the 1940s, will be demolished and replaced with storeyed shopping malls.
“We shall not give any more warning to the current occupants because on
November 16, 2006 KCC gave them a warning notice.
“Redeveloping the area is long overdue. It will not be delayed any longer,†Kizito said.
He said the project does not necessitate relocating the taxi park since the malls will be built around it.
“Our project does not stop UTODA from operating from the place. That is how it was designed.â€
Last week, local government minister, Kahinda Otafiire, instructed KCC to provide security to the developers so that they start construction.
The firms first attempted to begin construction last year in August, but the exercise was resisted by the sitting tenants who blame KCC for denying them the chance to redevelop the area.
However, the city mayor, Nasser Sebaggala, said the redevelopment exercise has to go ahead, arguing that the tenants do not have the capacity to construction the malls to the required standard.
“It has become a habit to resist development in Kampala, especially by sitting tenants and some politicians, but development is irreversible.
“Whoever stands in the way will be defeated.â€
The Uganda Taxi Operators and Drivers Association chairman, Moses Katobgole, however, said they have not yet agreed with KCC on the project.
“The mayor has promised to meet with us on the matter and we are waiting for his team.â€