@BdAfrica

Thwake dam project runs into funding woes - 3 days ago, 22:05

Edwin Mutai

The Sh82 billion Thwake dam project is unlikely to be completed after the government failed to negotiate or secure funding for three phases of the project, a new audit shows.

Auditor-General Edward Ouko says although the African Development Fund and the Government of Kenya have approved funding of Sh42.365 billion for the first phase, the remainder of the phases with a budget of Sh39.845 billion is yet to be financed or planned for.

“The State Department for Irrigation is yet to negotiate or look for financiers for the remaining phases. Consequently, it is not clear how the three phases will be financed to project completion,” Mr Ouko said in a qualified audit opinion on the financial statements of Thwake Multi-Purpose Water Development Program Phase I.

The dam project is being financed by a loan from the African Development Bank and the government through budgetary allocations to the Ministry of Agriculture, Livestock and Irrigation.

Phase ...
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