C
Originally published by Capital News
📰 Read Full Article
top
December 15, 2025
14h ago

Cabinet Clears KSh123bn in Road sector pending Bills

Cabinet Clears KSh123bn in Road sector pending Bills

The Cabinet observed that the payment programme has led to the acceleration of 875 road contracts since April 2025, significantly improving project momentum across the country. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

The Kenyan Cabinet has announced the full settlement of KSh123 billion in pending bills for certified works and accrued interest in the Ministry of Roads up to December 31, 2024. This action aims to restore contractor confidence and accelerate stalled projects nationwide.

  • The government settled the bills, improving project momentum for 875 road contracts since April 2025.
  • The initial KSh93 billion was paid using bank loans, with a planned KSh175 billion bond, secured by the Kenya Roads Board’s Road Maintenance Levy Fund, to clear remaining arrears.
  • The payments have revitalized the building and construction sector, which had previously experienced a technical recession.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article
Advertisement

Related News

Advertisement