Parliament has approved government borrowing of up to UGX459 billion from Japanese and European banks toward the completion of the new bridge across the River Nile.
The other loan is meant to finance the Masaka-Mbarara power transmission line.
The loans were contained in two separate motions presented on the floor of Parliament by Finance Minister Hon. David Bahati (Ndorwa West County) during a plenary sitting on Tuesday.
The additional loan to complete construction works on the new bridge across the River Nile in Jinja raised queries from MPs on its marginality, given that it had been computed in Japanese Yen, to be borrowed by Government from the Japan International Cooperation Agency (JICA).
“The relevant project officers should explain where the issue of variations in budgeting arises from,