It has already been paid Sh11 billion of the Sh38 billion budgeted for the Itare Dam. In a statement to newsrooms, CMC di Ravenna said that neither itself nor its subsidiaries have been declared bankrupt or insolvent. By DAVID MWEREMore by this AuthorAn Italian firm contracted by the national government to construct the multibillion Itare Dam within Nakuru County has denied claims that it is broke. In a statement to newsrooms, CMC di Ravenna said that neither itself nor its subsidiaries have been declared bankrupt or insolvent. The Nation has learnt the government has already paid the company Sh11 billion out of the total Sh38.5 billion budgeted for Itare Dam.

Source: Daily Nation February 25, 2019 06:33 UTC