Govt now to lend US$ 379 million to suspect Lubowa hospital investor

Govt now to lend US$ 379 million to suspect Lubowa hospital investor

MPs have questioned the move by Government to guarantee a loan of US$ 379 million for an investor for the construction of an International Specialised Hospital in Lubowa in Wakiso district.

It came after Government through the Ministry of Finance and Economic development sought authorisation of parliament to issue Promissory Notes of up to US$379M for the project designed as a public private partnership.

The project is to be constructed and run for eight years by FINASI International, a major member of the FINASI-RoKo consortium.

In this case, the Investor will put in his money to establish the hospital and Government will pay back this money after 6 years.

Eazzy Banking

Kaps Hassan Fungaroo, the Obongi County MP asked Parliament to consult Ugandans on whether they would like such an investment yet Referral Hospitals in the country are struggling.

He asked the house to send the request to a parliamentary committee to consult Ugandans.

Workers MP, Sam Lyomoki says Uganda still needs US$ 6.5 million for the completion of Mulago Hospital yet Government is going ahead to guarantee a supposed investor hundreds of millions of dollars.

This forced the Deputy Speaker of Parliament Jacob Oulanya to refer the matter to the Committee on the National Economy.


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