The National Treasury has denied claims of losing Ksh317 billion following the termination of the High Grand Falls dam project, asserting that no taxpayer funds are at risk as no binding agreement was ever signed.

• The alleged loss of Ksh317 billion was reported in The Standard newspaper and KTN News on September 22.
• Treasury Cabinet Secretary John Mbadi clarified that government liability under the Public Private Partnership (PPP) framework only arises with a signed binding agreement.
• The project was a privately initiated proposal, and its termination in July 2025 by the PPP committee was due to the Project Development Report failing to meet statutory requirements.