Investor Presentaiton slide image

Investor Presentaiton

E.3 Roads and Transport: Ensure dedicated funding for road maintenance Initiative objective Reduce delays in road maintenance Initiative Lead Infrastructure E.3.1: Permanent Secretary, Ministry of Works Uganda Actions E.3.1 Create a road fund, separate from funds at Ministry of Finance, directly for maintenance • Lobby state government to institute an act, creating a road fund for maintenance (e.g., the National Road Fund Act signed in 2018 to support maintenance of Nigerian federal roads) Define type of roads covered by fund e.g., high-value state roads Define source of funds for the road fund e.g., fuel levies, % of fees collected from haulage fees, license fees, and road safety fines Solicit funding donations from mining and food-processing companies in exchange for prioritization of roads to maintain, tax rebates, etc. Operate the fund like a private enterprise to reduce bureaucracies (i.e., a private sector majority governing board, separation of roles of multiple stakeholders) Work with Ministry of Finance to ensure that the road fund is separate from funds at Ministry of Finance and restricted to maintenance (not construction) Stakeholders • Ministry of Works Ministry of Finance Source: Media Coverage Deliverables Recommended timeline Gazetted act on road fund with types of road covered and source of funds 12 months Pledges from companies for funding for specific roads 12 months • Operating model and board structure 3 months Guarantee that road fund is separate from funds at Ministry of Finance 3 months Resources . Funding for road fund Levies collected from state government Metrics Increase in funds available for road maintenance Potential quick-win 154 A Copyright 2019 by Boston Consulting Group. All rights reserved.
View entire presentation