24 April 2012

Uganda: KIS Talks Big On Investment Plans

Kalangala Infrastructure services (KIS), a subsidiary of Infraco International, plans to invest over $45 million dollars in Bugala island, Kalangala district. The investment will focus on development of infrastructure like roads, and development of public utilities like piped water and thermal power. In this project, two ferries are to be procured, which will transport passengers from Bugala island connecting to Bukakata island in Masaka district. The management at KIS says it is waiting for the government to sign the memorandum of understanding, probably in May.

"As a company, our transport business operation between Bugala island and Bukakata is awaiting the signing of the MoU with the Government because already one of the ferries is ready," explained KIS managing director John Opio.

Opio explained that KIS has already finished constructing docks at Luka landing site, where the ferries with capacity of transporting about 200 passengers and 60 vehicles will be docking. KIS also plans to develop a 66km road network at the island, where 10km will be tarmac and the remaining 50 km will be murram.

Opio says the improved road network will reduce the costs of doing business in the district. He said other investments could be attracted to the district due to a better transport infrastructure. The $45 million dollar project is a loan and the Government of Uganda will repay it in the period of eight years.

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