Fund Allocation Strategies and Project Sustainability: A Case of Vision City Project in Kigali City

Abstract

The intention of this research is to examine the contribution of fund allocation strategies and sustainability of Vision City Project in Kigali. This research project is guided by three specific objectives such as to determine the impact of participatory planning on the sustainability of the Vision City Project in Kigali, to analyze the role of rate of return on the sustainability of the Vision City Project in Kigali, to establish the relationship between fund allocation strategies and sustainability of the Vision City Project in Kigali. This study is significant to policy makers in terms of formulating policies that favor sustainability of the project. The study is also significant to the future researchers in terms of using it as point of reference in regard to fund allocation strategies and project sustainability. The descriptive research design was applied in this study with a target population of 120 employees of the project, the same number were considered for sample size because it is reasonable and the sampling technique applied here is census sampling techniques, questionnaire and interview guides helped to gatherer the collected data which was coded, analyzed, interpreted in relation to the study objectives. The results have indicate a significant positive correlation between participatory planning and rate of returns (p=.646 and sig=.003), between project ownership and stakeholder satisfaction (p=742 and sig=.000), and rate of returns and stakeholder satisfaction (p=.536 and sig=.000). Hence, the results confirm a significant positive relationship between project sustainability of vision city in Rwanda. The results have also revealed that R coefficient .815 shows fund allocation strategies has a positive relationship with project ownership. The coefficient of determination .665 R square also shows that fund allocation strategies explains 66.5% of the variability in project ownership. Hence, this implies that the predictors such as constant, consultative project design, participatory planning and rate of returns affect the progress of project ownership by 66.5% in Vision City Project. In conclusion, since the results of the study have proved that there is a positive significant relationship between fund allocation strategies and project sustainability. Thus, the researcher also recommends to the government to continue encourage the private sector, investors and big business owners to allocate their fund in promoting project which can be sustainable and benefit the general public. The researcher cannot forget to recommend seminars, study tours and workshops to private sector federation to promote skills and knowledge on the allocation of funds to make sure sustainability of both private sector and government.