@CapitalFMNews

Rotich allocates Sh115.9b for infrastructure including Sh74.7b for SGR Phase 2A

3 days ago, 19:12

By: Margaret Njugunah

,

NAIROBI, Kenya, Jun 14 – The National Treasury has allocated Sh115.9 billion for infrastructure projects, Sh19 billion less than what the Government allocated last year. 

Sh74.7 billion of the 2018-19 financial year budget will go towards the construction of Phase 2A of the Standard Gauge Railway, while Sh2.7 billion has been allocated to the Mombasa Port Development Project.

Sh1.4 billion has been dedicated for the expansion of Malindi, Isiolo and Lokichogio Airports and Kabunde, Kakamega, Kitale and Migori Airstrips.

“In addition, I have set aside funds for emergency repair of roads damaged by the 26 recent floods across the country. I will also be engaging our development partners towards mobilizing additional resources for the same purpose,” Rotich told Parliament Thursday.

Rotich has also allocated Sh12.7 billion to support the exploration of geothermal, wind and solar resources, and Sh4.8 billion for the exploration and distribution of oil and gas, saying the funds are meant to support the generation of adequate and affordable energy.

More money has also been set to connect more Kenyans to affordable electricity with Treasury allocating Sh5.9 billion for rural electrification and connection of public facilities, Sh6.7 billion for Last Mile Connectivity and Sh1.0 billion for the national street lightning programme.

Additionally, Sh5.5 billion has been sent to fund the Eastern Electricity Highway Project (Ethiopia – Kenya Interconnector) project, while Sh1.0 billion for substation installation.

Sh1.0 billion has been set aside for installation of transformers in constituencies, while Sh1.0 billion for Connectivity Subsidy.

To support the for Loiyangalani – Suswa transmission line, land compensation and counterpart funding, the government will spend Sh12.6 billion. Finally, Sh3.1 billion has been set aside for Nairobi 220KV Ring.


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@CapitalFMNews

Rotich allocates Sh115.9b for infrastructure including Sh74.7b for SGR Phase 2A

3 days ago, 19:12

By: Margaret Njugunah

,

NAIROBI, Kenya, Jun 14 – The National Treasury has allocated Sh115.9 billion for infrastructure projects, Sh19 billion less than what the Government allocated last year. 

Sh74.7 billion of the 2018-19 financial year budget will go towards the construction of Phase 2A of the Standard Gauge Railway, while Sh2.7 billion has been allocated to the Mombasa Port Development Project.

Sh1.4 billion has been dedicated for the expansion of Malindi, Isiolo and Lokichogio Airports and Kabunde, Kakamega, Kitale and Migori Airstrips.

“In addition, I have set aside funds for emergency repair of roads damaged by the 26 recent floods across the country. I will also be engaging our development partners towards mobilizing additional resources for the same purpose,” Rotich told Parliament Thursday.

Rotich has also allocated Sh12.7 billion to support the exploration of geothermal, wind and solar resources, and Sh4.8 billion for the exploration and distribution of oil and gas, saying the funds are meant to support the generation of adequate and affordable energy.

More money has also been set to connect more Kenyans to affordable electricity with Treasury allocating Sh5.9 billion for rural electrification and connection of public facilities, Sh6.7 billion for Last Mile Connectivity and Sh1.0 billion for the national street lightning programme.

Additionally, Sh5.5 billion has been sent to fund the Eastern Electricity Highway Project (Ethiopia – Kenya Interconnector) project, while Sh1.0 billion for substation installation.

Sh1.0 billion has been set aside for installation of transformers in constituencies, while Sh1.0 billion for Connectivity Subsidy.

To support the for Loiyangalani – Suswa transmission line, land compensation and counterpart funding, the government will spend Sh12.6 billion. Finally, Sh3.1 billion has been set aside for Nairobi 220KV Ring.


Read More

Category: business

Suggested

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@BusinessDaily - By: Victor Juma
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Deal set to dilute existing shareholders, but will raise Old Mutual’s stake in UAP to 63.2 per cent ...

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1 hours ago, 10:29
@DailyNation - By: Annie Njanja
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Java House will continue to “power ahead with its expansion plans” despite the provisional liquidation of the parent firm ...

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Unit depreciated by 25 cents to the greenback last week ...

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