The disclosure that the Treasury diverted fuel subsidy cash into payments to the SGR operator is a reminder that the solution to high fuel costs lies in addressing the myriad of levies and taxes.
Treasury set to float Sh75bn roads bond
Monday March 08 2021
By EDWIN MUTAI
Summary
The Treasury will float a third road bond of Sh75 billion by end of June, whose proceeds will be used to pay contractors and rehabilitate dilapidated network across the country.
The National Assembly has directed the Treasury to issue the bond by end of the current financial year to raise the money from private investors.
The Treasury will float a third road bond of Sh75 billion by end of June, whose proceeds will be used to pay contractors and rehabilitate dilapidated network across the country.
The National Assembly has directed the Treasury to issue the bond by end of the current financial year to raise the money from private investors.
Motorists to Pay 30-Year Fees for Ksh160 Billion Nakuru-Nairobi Highway
A dual carriage highway.
File
Motorists using the Nakuru-Nairobi highway will pay toll fees for up to 30 years once its dual upgrade is completed.
The dualling will be part of the 175-kilometre upgrade which will start at Rironi, proceed to Nakuru town, and terminate at the Mau Summit. The dual carriageway is being undertaken at a cost of Ksh160 Billion.
The Kenya National Highways Authority (KeNHA) disclosed that a private investor who was contracted for the project will set up toll stations where motorists will pay for using the road.