State values road network at Sh3.5trn before audit
Wednesday July 14 2021
By PATRICK ALUSHULA
Summary
The Kenya Roads Board (KRB), the agency charged with overseeing development and repairing of roads, has revealed the valuation in the tender seeking consultants to conduct a two-year survey on the condition of Kenyan roads.
The valuation of the 246,757.26 kilometres of roads, which include 40,002.34km trunk roads, is more than Kenya’s Sh3.06 trillion budget, highlighting the impact of Jubilee administration’s accelerated investment in roads in the past decade.
KRB data says the country has 161,821km classified roads, 34,000km unclassified or new roads with more than nine-metre road reserve and 50,000 km narrow roads that have less than nine-metre road reserve.
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கிராமப்புற-நுழைவு-குறியீட்டு
Kenya Delays Plan to Sell Road Bonds Backed by Fuel Levy
David Herbling and Eric Ombok, Bloomberg News
(Bloomberg) Kenya has postponed plans to raise funds for road building through selling bonds backed by a fuel levy, citing the need to complete ongoing works before starting new projects.
The government planned to raise 30 billion shillings ($274 million) in the fiscal year ending June, by issuing debt that would be repaid through a road maintenance tax on every liter of gasoline and diesel. The securities may still be issued in the next fiscal year, Rashid Mohamed, director-general at Kenya Roads Board, said by phone.
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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.
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Defunct Chuka municipal officials, contractors fined Sh10m for irregular tender
Thursday February 04 2021
Runyenjes Law Courts in Embu County where eight people were convicted of corruption charges and fined a total of Sh10 million. PHOTO | NMG
By GEORGE MUNENE
A court in Runyenjes, Embu County, has convicted eight people, including four former senior officials of the defunct Chuka Municipal Council, of corruption and fined them a total of Sh10.3 million.
Each of the accused was ordered to pay Sh1,284,000 or serve 12 months in prison in default.
Following the conviction, they were escorted to prison as they could not immediately pay the fines imposed on them.
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