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Uganda Infrastructure Report Q4 2009Published by: Business Monitor International Published: Sep. 25, 2009 - 62 Pages Table of Contents
AbstractUganda’s infrastructure is getting a much-needed boost, with a large number of projects in the transportand utilities sectors under way and in the pipeline. As such, in BMI’s Q409 Uganda InfrastructureReport, we are forecasting the construction industry to grow by 4.41% in 2009 to reach a value ofUGX4trn (US$2bn).News on Uganda’s transport infrastructure sector has been dominated by the controversy over EntebbeAirport. Local news sources reported in July that Singapore’s Changi Airport Group was in the finalstages of negotiating a contract for a 10-year concession for the airport. Later in the same month it wasreported that an offer from the Dodsal Group to expand and upgrade the airport was being assessed. Thenews caused an outrage as little had been said about plans to privatise the airport previously. The news,which in itself has been both inconsistent and unverified, highlights issues with transparency in Uganda’sbusiness environment. At the same time, the issue of Rift Valley Railways, the company that operates Kenya’s and Uganda’srailways, has become no clearer since last quarter. The company was reportedly taken to court by Kenyaand Uganda in order to end the concession early. However, it was reported by All Africa in August thatthe company was given more time to run the railways as the Kenya Railways Corporation did not havethe capacity to take over the concession. In the utilities sector, news emerged on the two big hydropower projects that are planned to cater forUganda’s future power demand. The Bujagali hydropower project, which was reported to be on track inFebruary 2009, is now going to be delayed due to unforeseen technical difficulties that have led to theproject being redesigned. The first turbine for this project is now due to come online in mid-2011. TheKaruma hydropower project, on the other hand, made progress - although how much is not totally clear -after awarding the consultancy contract to an unnamed company. The project will be carried out as apublic private partnership (PPP) and a number of companies have reportedly registered interest. In BMI’s Q409 Uganda Infrastructure Report we have new data from the Uganda Bureau of Statistics(UBOS), with our forecasts now starting from 2009 and extended to 2014. In addition, we have revisedour historical data in line with a data revision by the UBOS. The new data show that Uganda’s construction industry grew by 9.73% in 2008, which aligns almostexactly with our estimate from last quarter for 9.72% y-o-y growth. Between 2009 and 2014 we areforecasting the construction industry to post real growth of 7.1% on average per year. This will reach itspeak in 2010 with 14.11% growth y-o-y, gradually declining over the years to reach 4.6% y-o-y in 2014. Get Full Details About This Report >> |
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