Taxpayers lose billions as rogue firms paid more for delayed - News Summed Up

Trending Today


Taxpayers lose billions as rogue firms paid more for delayed


Ketraco is said to have paid Kalpataru Power Transmission Ltd some Sh964.5 million after the firm claimed Sh3.8 billion for idling and overheads. The amounts were paid out after the Mombasa-Nairobi power line was delayed for four and half years. “The rate is therefore punitive to the employer and encourages the contractors to delay works as they would benefit more from the delays,” the auditors wrote. The land acquired for the project miraculously multiplied to 699 more parcels, driving up the cost to Sh347.4 million from Sh128.8 million earlier envisioned. It remains unclear how the same people were again paid full notwithstanding the earlier deposits.


Source: Daily Nation February 10, 2019 08:26 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */