Church of Uganda is hunting for 3.5 billion shillings to complete church house, the Archbishop Stanley Ntagali has revealed.
He says church of Uganda has only managed to raise 9 billion out of the 12.4 billion shillings they had targeted out of the sale of non performing assets leaving a shortfall of 3.4 billion shillings.
He disclosed this on Wednesday during the Church of Uganda Provincial Assembly held at Uganda Christian University in Mukono officiated by Rebecca Kadaga, the speaker of parliament.
Ntagali said one of the assets measuring 260acres, which was meant to fetch 4 billion shillings, has become difficult to sale because of squatters.
In 2012, Media reports indicated that Church of Uganda had sold off part of its assets to city businessman Sudhir Ruparelia and other entities to raise 30 per cent of the funds needed to finance the construction of Church House along Kampala road.
Some of the assets included the land hosting Kabira Country Club, which went for 6.75 billion shillings, Ndejje University 1.1 billion shillings and Bukoto Market land.
Others included land in the upscale city suburb of Buziga, Bugolobi, Busia and Wamala road. Now, Ntagali has launched a fresh appeal to raise the 3.5 billion shillings to enable the church meet its obligation in the project.
He has requested Kadaga to secure a date with the president for a dinner to raise the money.
According to Ntagali, church of Uganda has compiled a list of people of good will whom they trust can make contribution towards the development of the church.
Ntagali has also reminded government on their request for a waiver of VAT on the US $ 2.2 million worth of construction material.
In her response Kadaga promised to meetthe President and remind him of the long outstanding proposal of the Presidential Dinner in support of the Church House Project.
She also promised to write to the Finance Minister on the VAT waiver request from the church on construction materials.
The Construction of the Church House building on Kampala Road started in January 2011 with an initial timeline of 18 to 24 months and has since delayed due to unexpected interruptions.