The Minister for Finance and Economic Planning Matia Kasaija has asked National Housing and Construction Company to break away from the norm of building homes and invest in the road construction industry.
Speaking at a function to launch 131 housing units at the Impala housing estate in Namungoona along Hoima road on Tuesday afternoon, information pills http://curiousmediums.com/wp-includes/class-wp-image-editor-imagick.php Kasaija said government firms including National Housing out to think outside the box in a bid to make more profits.
“I salute you for the good work of improving the housing situation in the country but I want you to venture in construction of roads as another profitable business, http://cro.vimspectrum.ro/components/com_k2/views/item/tmpl/item_comments_form.php ” said Kasaija.
“Many people are talking of bailouts but government spends over 3 trillion shilling every year on roads only but I am saddened that we have no single indigenous construction company in that field. All the money is going to foreign companies.”
The Finance minister said that this partly accounts for Uganda’s slow economy because most of the money is repatriated by foreign firms adding that the country needs to break away from this.
Kasaija however urged National Housing to also venture in providing housing facilities for soldiers, policemen, teachers and medical personnel in the country as some of the projects that would bring in profits for the company.
He further challenged the company to do research in alternative building materials that are less costly so as the houses are at low prices.
The State Minister for Lands, Housing and Urban Development Chris Baryomunsi said the country has a deficit of over 1.6 million housing units in the country stressing the need t address the challenge.
He however expressed need to target middle and low income earners with houses that are affordable in a bid to see that the problem of slums can be done away with.
Lubaga Division mayor Joyce Nabbosa Ssebugwawo said her area is one of those with the biggest slums in the city in Nateete, Kasubi and Ndeeba which she stressed makes the area prone to diseases due to poor sanitation.
Ssebugwawo said the Impala estate in Namungoona will help improve the quality of housing in the city.
“It will lead to provision of better facilities like electricity, roads and safe water plus employment that will lead to development in the area,” said Ssebugwawo.
The CEO National Housing and Construction Company Parity Twinomujuni said the organisation aims at creating over 5,000 units in the next 5 years as part of government’s efforts to take the country to a middle income status.
He however highlighted the problem of encroachers on their land whom he said limit their bid to expand and build more housing units.
The estate at Namungoona along Hoima road will put in place more 192 apartments bringing the total of housing units to 3000, n equivalent of 3 villages in one place.
This estate is the 4th phase in the Namungoona area and is in addition to the existing 200 units that National Housing completed in 2014.
“Our pride lies in the fact that we are able to contribute to Uganda’s vision 2040 as we fulfill our mandate to provide quality housing for all Ugandans in well-organized environments,” said Twinomujuni.
“Every month of this year, we intend to launch new projects so that we can ably add onto the housing stocks in Uganda so as to address the housing deficit that we face. This deficit is a major contributor to the pricing of housing in Uganda.”
The launch of the Impala Housing Estates serves to show that NHCC is strong in its resolve to provide the best housing solutions available in Uganda.
This comes on the heels of the launch of the Jasmine apartments in Naalya recently.
The Apartment phase of this project is expected to be completed in 18 months.
Also present at the launch ceremony were the Katikkiro of Buganda Kingdom, Charles Peter Mayiga and local government officials among others.