The Government has launched an online system that will track all public projects from their start to completion.
The Integrated Bank of Projects (IBP) is a software that serves as a database for public project information from inception to closure.
WHAT SYSTEM ENTAILS
The system is intended to enable the successful delivery of projects within time and budgets. It links with other existing systems to enable the sharing of project related information.
Rachael Sebudde, a senior economist at the World Bank, commended the Government for taking a decision to increase its assets and infrastructure to tackle some of the binding constraints.
“We need a system to get good projects. When projects are not delivered it affects economic growth,” Sebudde said yesterday.
This was during the launch of IPB Phase II at the Serena Hotel Kampala.
She added that Uganda was not getting reasonable returns from its projects because they are not well executed.
She indicated the expected oil and gas projects have to be well executed and that oil revenues have to be equally well managed as they will be used to create assets in the country.
Henry Musasizi, the state minister for finance (general duties), said the new system will support the fight against corruption, increase transparency and accountability in delivery of public projects.
He added that they will look into the way projects that run into many years are not affected by funding.
Hannington Ashaba, the commissioner project analysis and public investment department at the Ministry of Finance noted that what citizens want good service delivery and not rhetoric.
Dr Mikhail Miklyaev, a consultant from Cambridge Resources International Queens University who supported the design of the system, said that public investment in Africa was complex because of the wide number of institutions and stakeholders that hold various views on how things should function.