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How Stanbic Bank is enhancing local participation in road construction

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How Stanbic Bank is enhancing local participation in road construction

Posted by: developerx
Category: Infrastructure

With a budget of Shs648 billion in the 2019/2020 financial year, the Uganda National Roads Authority is constructing an additional 900 kilometres of paved roads across the country, which will bring the total length of paved roads in Uganda to 5000km.

UNRA is relying on local construction firms to help achieve this target; a preferential contracting policy at the authority ensures local content of 30% for each road construction contract awarded.

At Stanbic Bank, we are committed to bridging the gap in the construction sector through fostering partnerships. We bring together key stakeholders such as the local contractors under their Uganda National Association of Building and Civil Engineering Contractors (UNABCEC) umbrella and public entities such as UNRA.

We have been engaging with both UNRA and UNABCEC to see how best Stanbic Bank Uganda can provide creative solutions that help both parties increase the capacity of local contractors.

Author: developerx

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