C
Originally published by Capital News
📰 Read Full Article
top
June 20, 2025
2mo ago

Gov’t backs debt-free fix to road crisis via securitization

Gov’t backs debt-free fix to road crisis via securitization

The move according to the Transport Cabinet Secretary Davis Chirchir allows it to raise the full amount now by leveraging future earnings, specifically Sh7 of every Sh25 collected per litre of fuel over the next ten years. - Kenya breaking news | Kenya news today | Capitalfm.co.k..

✨ Key Highlights

The Kenya Roads Board has implemented a groundbreaking financing model using securitization to address the country's infrastructure crisis without increasing public debt.

  • They face over Sh175 billion in unpaid bills and more than 580 stalled road projects.
  • Davis Chirchir, the Transport Cabinet Secretary, indicated that they will leverage Sh7 of every Sh25 collected per litre of fuel over the next ten years to raise funds.
  • The initiative allows immediate clearance of contractor arrears and job creation while shielding the public from fuel price hikes.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article