Two years ago, the Government unveiled the Sh260 billion Road Annuity Programme which would see commercial banks provide funding to road contractors. (PHOTO: COURTESY)Kajiado County is the first beneficiary of the road annuity programme, in which the Government aims to tarmac 10,000km of roads. The Cabinet in March 2016 approved the first five lots in the Road Annuity Programme in Kajiado, Kwale, Isiolo, Wajir, Taita Taveta, Nakuru, Nyandarua, Samburu, Narok, Kericho and Bomet. Instead, the CS vouched for industry innovative infrastructure project financing. Sources of infrastructure financing including donor aid and government-to-government financing are fast getting hard to come by.

Source: Standard Digital June 02, 2016 21:11 UTC