The advance payment made to the contractor of the Arror and Kimwarer dams was done within the law, Treasury CS Henry Rotich has said. Rotich said Kimwarer dam would cost Sh23.1 billion and that Sh3.5 billion was paid as advance payment. He said the advance payment is meant to facilitate the contractor to move to the site and start a project implementation. Rotich said the advance payment will be consequently recovered from the contractor once work commences through an insurance or bank guarantee. Other than the advance payments, Rotich confirmed that the contractor was paid Sh11.1 billion as insurance to guard against any financial risks.
Source: The Star February 28, 2019 18:17 UTC