Purpose of Uganda Road Fund
The Uganda Road Fund (URF) was established by Act of Parliament with an overall purpose of ensuring that all public roads are maintained at all times through the provision of adequate and stable financing for routine and periodic maintenance undertaken by designated agencies.
URF’s mission is to manage the fund with prudence, integrity and transparency in a commercial, cost effective and effective manner. URF provides the opportunity for the implementing agencies to plan for efficiency and effective delivery of maintenance on their respective categories of roads without having the worries of looking for funding.
Benefits to URF
The implementing agencies have therefore stable and predictable financing with effective monitoring of fund use by URF. The approach is expected to bring about a lot of improvements to the condition of road; reduce road maintenance and total transport costs; and encourage a vibrant local construction industry, with the consequent gains to the national economy.