Ksh2.4 Trillion Needed for Transport, Infrastructure, and Housing Projects

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Nyakundi Report

Newsroom 1 min read

Primary source Kenyan Digest archive

This archive report was first published on 30 July 2019.

Kenya's transport, infrastructure, and housing sectors face a significant funding gap, with a projected need for Ksh2.4 trillion between 2018 and 2022, as outlined in the Ministry of Transport, Infrastructure, Housing, Urban Development, and Public Works' new strategic plan.

Published on July 30, 2019, the plan highlights the importance of integrated transport policy to achieve holistic infrastructure development aligned with Vision 2030.

Shipping and Maritime PS Nancy Karigithu emphasized the need for a coordinated approach to overcome challenges such as inadequate financing, inflated land prices, and disputes related to land acquisition.

Of the Ksh2.4 trillion budget, Ksh1.6 trillion is expected to come from the national exchequer, leaving a Ksh800 billion deficit to be financed through Public Private Partnerships.

The strategic plan aims to increase cargo handling from 30 to 40 million metric tonnes and double containerized cargo handling to 3 million by 2022.

Ministry officials stress the importance of coordination and smart resource mobilization to optimize synergies and minimize duplication of resources and efforts.

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