Chirchir Announces Ksh208.6 bn Road Funding via Securitisation Framework
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Roads and Transport Cabinet Secretary Davis Chirchir announced the disbursement of Ksh208.6 billion. The ministry used a securitisation framework to provide these funds. The money is intended to support major road projects. It will also be used to settle outstanding payments owed to contractors.
Roads and Transport Cabinet Secretary Davis Chirchir said the ministry has disbursed Ksh208.6 bn through a securitisation framework to fund major road projects and settle contractor arrears.