Investors decry heavy taxes on construction materials

By Deo Wasswa

Some of Investors in the country say that  they have not done enough to make affordable housing schemes for locals and youth because of higher taxes being imposed on construction materials.

According to Rajiv Ruparelia, the Managing director crane management services, most of the building materials they use in the construction sector are imported and are heavily taxed.

”In order to reduce the cost of construction in Uganda, we need support from the government to subsidize on construction martial, he said. 

He said that as investors, they are willing to make affordable  housing schemes to ensure that locals, especially  youth be able to purchase houses and own assets, provided that the cost of construction are lowered.

Rajiv, made utterances at official opening  of a modern and multi billion warehouse connected with trading show room for large scale traders and office blocks  constructed on 5th street industrial area. The facility is sited at 1600 square meters