Kenya: Kenya Scraps 10,000km Road Annuity Project Over High Costs, Shifts to Budget Financing

Kenya has cancelled plans to build 10,000 kilometres of roads through commercial bank loans due to concerns over the cost of the projects, according to a senior government official.

The government will now fund these mostly rural road projects through budget financing after scrapping the road annuity model adopted in 2015. This development was confirmed by Roads Principal Secretary Joseph Mbugua while appearing before a section of lawmakers on Thursday, April 17.

As per Mbugua, the previous…