Treasury seeks private financing to fund Uhuru projects
Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NATION MEDIA GROUP
What you need to know:
The Treasury disclosed that 80 projects valued Sh1.1 trillion will be rolled out under the model in the year to June 2020.
Under phase 1 of the road annuity programme, the PPP projects at construction phase include the 90-km Ngong-Kiserian-Isinya to Mashuru-Isara road.
The government has signed project agreements for five other roads, including the Sh65 billion Kenya’s first double-decker Nairobi-James Gichuru Expressway.
The Treasury is betting on the public private partnership (PPP) model to finance up to one third of President Uhuru Kenyatta’s projects in the wake of growing public debt.
The Treasury disclosed that 80 projects valued Sh1.1 trillion will be rolled out under the model in the year to June 2020.
