anda says this road is the jewel in the crown of an infrastructure project to drive economic growth. Critics say it will lead to more debt. China lent Uganda $350 million, about 60% of the cost towards building the 30 mile road. That was a larger chunk of 3 billion.
And sent talks to land at $2.3 billion more for other projects. All part of its Belten Road scheme to boost infrastructure and Chinese clout across the globe. The World Bank wrote off nearly all of Uganda's debt a decade ago. Now it's back up to $11 billion, opponents say President Yoweri Museveni, in power for 32 years.
Has squandered the debt relief and spent long awaited oil revenues even before crude starts to flow in two years time.>> Generations to come will have to share this bad debt, because they will have to be taxed heavily and will have to pay. That's why we are saying our country has been mortgaged by Mr. Seville.
Even these Chinese who are coming here, from even the commercial banks, we are borrowing from
] and bonds and whatnot. But it will finally come on our shoulders as Ugandans.>> The government says heightened borrowing is deliberate to put up modern infrastructure and push up economic growth. The highway should cut the journey between Uganda's capital Kampala and the international airport by half an hour.
It will open in a few month's time, a year late.