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- Aug 5, 2011
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Sh300bn road project put on hold over debt
The government has suspended the construction of the Sh300 billion Nairobi-Mombasa expressway for two years over the country’s debt concerns.
It would have been Kenya’s first expressway and the largest single-contract road project.
The project, modelled to complement the Sh327 billion Standard Gauge Railway, was to be undertaken by Bechtel, a US-based private construction conglomerate.
The company won the multibillion-shilling contract in a government-to-government deal that formed part of President Uhuru Kenyatta’s discussions with President Donald Trump during his US visit last year.
PROJECT SUSPENDED
Transport Cabinet Secretary James Macharia told the Nation the Cabinet had decided to suspend the project for at least two years to allow the country’s debt levels to drop, while also prioritising other key projects.
The government has suspended the construction of the Sh300 billion Nairobi-Mombasa expressway for two years over the country’s debt concerns.
It would have been Kenya’s first expressway and the largest single-contract road project.
The project, modelled to complement the Sh327 billion Standard Gauge Railway, was to be undertaken by Bechtel, a US-based private construction conglomerate.
The company won the multibillion-shilling contract in a government-to-government deal that formed part of President Uhuru Kenyatta’s discussions with President Donald Trump during his US visit last year.
PROJECT SUSPENDED
Transport Cabinet Secretary James Macharia told the Nation the Cabinet had decided to suspend the project for at least two years to allow the country’s debt levels to drop, while also prioritising other key projects.
Sh300bn road to Mombasa halted by debt
Transport CS James Macharia says the decision was made to allow the country's debt levels to drop.
mobile.nation.co.ke