The government of Uganda has launched the Local Government Public-Private Partnerships (PPP) Pooled Finance Guidelines at Sheraton Hotel, Kampala.
The Minister of State for Finance and Planning, Amos Lugoloobi, confirmed the development on December 13, 2023.
While at the launch, Lugolobi reiterated the need for alternative funding options, calling upon local governments to be creative and innovative in accessing private sector resources for the purpose of delivering public goods.
“These guidelines should be simplified by the PPP Unit headed by Jim Mugunga so that no potential investor is locked out due to a lack of clarity on how this process works.” Lugolobi said.
“The tendency of local governments waiting for resources from the centre is no longer feasible because of dwindling discretionary resources,” Lugoloobi added.
Lugolobi also told local government leaders that there is a need for collaboration between the public and private sectors to leverage available resources, skills, and expertise to enhance economic growth and socio-economic transformation.
According to Lugolobi, some of the sample projects that have been screened and found fit for investment under the PPP arrangement include the Nansana Transport Transit Station and the Madi Okollo Hydro Power Project.
The event was attended by officials from different government ministries, departments, agencies, members of the private sector, civil society, and members of the media.
The launch is one of the initiatives aimed at building institutional capacity and human capital, as well as equipping local government institutions with the tools to effectively identify, develop, procure, and implement PPPs.