President Uhuru to seal 108 Billion deal with France

President Uhuru Kenyatta is set to leave the country for France tomorrow, to seal a public private partnership of a loan worth 108 billion Shillings.  The loan is set to aid construction of the Rironi-Nakuru-Mau summit road, a 190-kilometers stretch which will be expanded into a four lane dual carriage. 

Among other projects President Uhuru and France head of state Emmanuel Macron will discuss, include water projects and other basic structures. The road is set to reduce time spent while traveling by people and for goods while complementing the Standard Gauge Railway between Naivasha and Malaba border. Economic specialists in the country however claim that this loan could land the country into more debt if the money is not directed and allocated to the intended projects 

Transport CS James Macharia earlier stated that the cabinet’s precedence would be to have two PPP’s projects in order to ease traffic for motorists plying between Jomo Kenyatta International Airport and Westlands, and those who use the Nairobi-Naivasha-Nakuru highway. “We decided to give priority to two Public Private partnership projects,” Macharia stated.

Leave a Comment

Your email address will not be published. Required fields are marked *