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Originally published by Nation Business
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business
January 28, 2026
3h ago

Sh4.5bn in securitised cash funds Mombasa road works

Sh4.5bn in securitised cash funds Mombasa road works

The project faces scrutiny from the Senate...

✨ Key Highlights

Kenya is funding the rehabilitation of the Mombasa Road section damaged during the Nairobi Expressway construction with Sh4.5 billion from securitised Roads Maintenance Levy (RML) funds. This amount is part of a larger Sh21 billion allocated for critical road projects.

  • A total of Sh4.5 billion is being used to rehabilitate the Mombasa Road section from Mlolongo to ABC Place in Westlands.
  • The acting Director General of the Kenya Roads Board (KRB), Martin Agumbi, confirmed the funding, which comes from the securitisation of Sh7 per litre of the RML.
  • The allocation is half the Sh9 billion previously stated by former Cabinet Secretary for Roads, James Macharia, for the project, which is being undertaken by China Roads and Bridge Corporation (CRBC).

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