Author Topic: PPP Ukora- Botch contract - pay mbirionis - Mau Summit Rd 6.2 mbirioni  (Read 1006 times)

Offline gout

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Easy peasy heists
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Kenyans will pay a consortium of French contractors Sh6.2 billion for the termination of the Nairobi-Nakuru-Mau Summit Toll Road, adding to the taxpayers’ burden of paying for cancelled projects.
Disclosures by the Treasury show that the termination costs for the project are to be paid before the end of the current financial year ending June, with sources telling the Business Daily that payment is likely to be made before the end of this month.

The government terminated the Sh190 billion (1.3-billion euro) highway expansion deal with the consortium made up of Vinci Highways SAS, Meridian Infrastructure Africa Fund, and Vinci Concessions SAS, citing, among other things, high toll fees.
The push to have the Chinese contractor settle the Sh6.2 billion compensation bill and inherit works done by the French contractor, like the feasibility fees, was dropped during President William Ruto’s visit to China at the end of last month

https://www.businessdailyafrica.com/bd/economy/kenya-to-pay-french-firms-sh6bn-for-botched-mau-summit-toll-road-deal-5032576
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine

Offline Kadudu

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You think our guys care. Remember Kenya is paying over 250 million US$ loan to an Italian bank for Arror and Kimwarer dams which were never built. The biggest beneficiary is seen op top of vehicles 24/7 traveling the country up and down campaigning for 2027 election at tax payers cost.

Easy peasy heists


Offline RV Pundit

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Uhuru mistakes
We also paid 4B for JKIA 2nd runway that never took off.

Ideally Gok should negotiate with french - too much money for no work done.