Nipate
Forum => Kenya Discussion => Topic started by: vooke on August 12, 2019, 05:55:58 PM
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Sad. Makes me believe corruption may be eating up to 40% of our annual budget.
Kenyans will have to wait longer for the planned 485-kilometre Mombasa-Nairobi Expressway as financing and construction of the project continue to delay close to four years since its conception.
The mega project whose ground breaking was set for last year, before being pushed to January this year and later to June, is yet to kick-off , rising questions over its viability.
Among major hiccups on the US–backed project now appears to be financing as corruption comes back to haunt the country.
Questions on the cost remain unanswered where according to insiders familiar with the project, the Kenyan authorities–Transport Ministry and the Kenya National Highways Authority(KeNHA) had inflated the cost by 66.7 per cent, from an estimated cost of US$1.8billion(Sh185.7billion) to US$3billion(US$309.5billion).
https://www.the-star.co.ke/news/2019-08-12-mombasa-nairobi-expressway-project-cost-inflated-by-67/
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Star is tabloid.Yes 3b dollars SEM inflated for 500km expressway