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Article: Uganda: Financial challenges cripple Hilton Hotel construction.
- Article from:
- TendersInfo
- Article date:
- September 12, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
The construction of Kampala Hilton Hotel, based at the former premises of Uganda Broadcasting Corporation, has been halted with reports that the project has been abruptly crippled by a severe cash crunch.
According to sources with insider information on the financial problems plaguing the project, workers recently staged a weeklong strike protesting delays in payment of their wages.
However, according to these sources, management quickly mobilised some emergency cash and cleared some of the longstanding debts, prompting workers to resume work.
Construction was however shortly after frozen again when suppliers of cement ...