When will SGR compensate affected people?

People waiting to be compensated by the Standard Gage Railways (SGR) are worried with the recent news emanating from Parliament indicating that five Chinese companies contracted by the Uganda National Roads Authority (Unra) have been involved in illegal actions to defraud compensation funds belonging to affected Ugandan citizens.
The SGR ‘compensatees’ are worried because they see, hear and smell similar life-threatening issues now affecting Unra ‘compensatees’ also affecting them. First of all six months have passed since SGR promised to pay them by May 2016 and they have not yet been paid! Secondly, they have not been earning rent on their properties! Finally, they now know that compensation funds won’t be able to replace their properties even if paid today.

The issue of the Chinese/Ugandan officials holding compensation funds in special bank accounts with the intention of profiteering from the accrued interest is money laundering and is a fraud against the people to be compensated.
The time loss, for example the six months in the case of SGR ‘compensatees’, must accordingly earn six months interest on the principle amount valued. Parliament and police/courts should also probe SGR/Unra accordingly.
The issue of ‘compensatees’ not earning rent on their properties is extremely critical on their ROI because it is fraud and it kills incentives to invest. Take for example an investor in the SGR area and now a ‘compensatee’ should have started earning some $10,000 per month on his 15-20 odd, brand new and beautiful holiday villas, but for six months he has earned nothing!

Finally, it must be energetically pointed out to Parliament and other government authorities that the compensations that will be paid to SGS/Unra ‘compensatees’ will never be able to replace the exact properties being taken. This is because the properties were undervalued since market rates were not used and also because the costs of building materials have been rising since the valuation was done in May 2016.
A proposed additional 15 per cent on the current valuations needs to be credited to the accounts of the unpaid ‘compensatees’ in order to achieve equity and fairness.