Kama ungekua mtu alie na common sense ya mtu wa miaka zaidi ya 15, ungeona kwamba hio ni typing error na mwandishi lazma alimaanisha ksh500 billion na si ksh50 billion manake kuna project mbili kubwa za Kenya zinaongelewa hapo moja ikiwa ni worth ksh50 billion na nyengine ksh72 billion ... Ambayo ukijumlisha hizo mbili pekee tayari umefika 122 Billion..
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Kenya’s East African peers will race past it as the new home for mega infrastructure projects in 2019, thanks to President Uhuru Kenyatta’s austerity measures.
Debtwire, an intelligence service that researches and reports on corporate debt situations, put the value of Tanzania’s prospective infrastructure projects at Sh650 billion,
far ahead of Kenya’s Sh50 billion. Even Uganda will be teaming with more lucrative projects compared to Kenya, valued at Sh550 billion.
This comes at a time when Treasury tabled a report in Parliament revealing that implementation of some 545 major projects had stalled as the President initiated harsh austerity measures.
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Kenya’s only project to watch this year, according to authors of the report, is the upgrading of the more than 100km of highway between Nairobi and Magadi at a cost of Sh5 billion.
“Kenya will also table a road brownfield project to upgrade more than 100km of highway
between Nairobi and Magadi for $500 million (Sh50 billion) as reported. Concurrently, some progress on the Nyali bridge project is expected,” read part of the Africa Project Finance Trend Update 2019.
Construction of a crude oil pipeline linking Uganda and Tanzania, which Kenya lost to the latter, will account for Dar es Salaam’s heavy infrastructure spending this year.
“Tanzania in 2019 will be at the forefront of the infrastructure transactions with the East Africa Crude Oil Pipeline (EACOP) project,” reads part of the report which listed seven transactions in the region among Tanzania, Uganda, Kenya, Djibouti, and Ethiopia.
EACOP will be owned by private companies along with Ugandan and Tanzanian national oil companies, according to sources quoted in the report.
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“The export pipeline to cross Uganda and Tanzania is attracting interest from Chinese financial institutions as previously reported. The total project cost is estimated at $3.5 billion (Sh350 billion) and will be developed on a public-private partnership basis over a concession of 30 years,” read part of the Africa Project Finance Trend Update 2019.
Debtwire is a subsidiary of Acuris Company, a British media company.
Tanzania will also build a 1,057km rail, the second phase of a 2,561km railway project masterplan. Total debt sought will be up to Sh300 billion.
The building of Nyali Bridge is Kenya’s other project to watch and was appropriated in the current budget ending June.
Treasury allocated Sh72.3 billion for development activities by the State Department for Infrastructure in the current financial year ......
Dar, Uganda overtake Kenya in infrastructural projects : The Standard