KENYA TO SPEND 200 BILLION ON ROADS.
The Kenya National Bureau of statistics in its 2018 Economic Survey has attributed the increase to development expenditure on roads which is expected to grow by 19.2 per cent to Sh134.9 billion in 2017/2018.
Disbursement of funds by Kenya Roads Board to various road agencies and county governments is also expected to increase from Sh60.5 billion in 2016/2017 to Sh63.5 billion in 2017/2018.
Funds for repair and maintenance of roads are expected to increase from Sh60.5 billion in 2016/2017 to Sh63.5 billion in 2017/2018.
Loans and advances from commercial banks to the sector increased to Sh109.9 billion in 2017 from Sh104.8 billion in 2016.
During the period under review, Sh201.7 billion was expected to be used for road construction, rehabilitation and upgrading.
A total of Sh103.3 billion was expected to be used for rehabilitation and upgrading of roads and interchanges.
The major ongoing projects during the period were; the expansion and modernization of the Outer Ring road, expansion of Ngong Road, the construction of Kenya’s Western bypass, Dongo Kundu bypass and Nuno-Modogashe Road.
Overall, the bureau states that building and construction sector grew by 8.6 per cent in 2017 compared to 9.8 per cent in 2016.