Government laxity on projects could cost taxpayers up to Sh1 trillionThe government has done a poor job in evaluating the risks of projects valued at close to Sh1 trillion, the International Monetary Fund (IMF) has said. According to the Bretton Woods institution, the State has not revealed the risks for these Public Private Partnership (PPP) projects, exposing taxpayers to possible loss in case of a fallout with investors. In the report published in December 2019, the IMF said no risk analysis had been undertaken for 78 pipeline projects valued at Sh1.1 trillion. SEE ALSO :Uhuru off to Saudi Arabia for trade talksLately, the biggest PPP project has been the Sh50 billion Nairobi expressway from Westlands to Jomo Kenyatta International Airport. Most of the PPP projects so far have been in generation of electricity where a number of independent power producers have been supplying power to Kenya Power and Lighting Company.

Source: Standard Digital January 17, 2020 21:00 UTC