BusinessPeople Daily

State awards Sh15 billion roads tender

James Momanyi @jamomanyi

The award and funding arrangement for development of Modogashe-Habaswein-Samatar and Rhamu-Mandera roads has been completed.

Construction and funding of the143-kilometre road has been awarded to Hass Consortium-GVR Infra Ltd, Shandong Hi-Speed Nile Investment Company and Stanbic Bank of Kenya.

The North Eastern roads will cost Sh15 billion and will be constructed under the government’s roads annuity programme.

The companies signed an indicative term sheet for the financing on the side lines of the just concluded 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).

Speaking during the tripartite-agreement, Transport and Infrastructure Cabinet secretary, James Macharia said the project would go along away in helping the government realise the goal of tarmacking 10,000 kilometres of road under annuity programme.

“When we began this programme stakeholders were slow in picking it up but I am glad it is now in top gear and stakeholders have realised the returns from the investment is good,” he said.

The project will see the 143 kilometres of tarmac laid between Modogashe-Habaswein-Samatar and Rhamu-Mandera roads. While Stanbic and China Exim Bank will fund the project to the tune of $81 million (Sh8.1 billion), the rest will be taken care of as equity.

Hass Consortium-GVR Infra Ltd was awarded a tender under Phase1 of the 10,000kms of annuity programme, and has already mobilised and will begin construction on October 1 which will be completed within 30 months.

The road will be constructed and maintained by Shandong Hi-Speed Nile Investment Company under a design-Build-Finance-Maintain and transfer contract structure under a 10-year public private partnership model.  

Show More

Related Articles

13 Comments

  1. Youre so cool! I dont suppose Ive read anything like this before. So nice to find any individual with some authentic ideas on this subject. realy thank you for beginning this up. this website is something that is wanted on the internet, someone with a little originality. useful job for bringing one thing new to the internet!

  2. A formidable share, I simply given this onto a colleague who was doing just a little analysis on this. And he in reality bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the time to debate this, I feel strongly about it and love studying extra on this topic. If possible, as you develop into expertise, would you mind updating your blog with more particulars? It’s extremely helpful for me. Large thumb up for this blog publish!

  3. Thank you, I have just been looking for info approximately this topic for
    a while and yours is the greatest I’ve found out till now.

    But, what in regards to the bottom line? Are you sure concerning
    the supply?

  4. This is the suitable blog for anybody who wants to search out out about this topic. You realize so much its virtually hard to argue with you (not that I truly would need…HaHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Nice stuff, simply great!

  5. Youre so cool! I dont suppose Ive read anything like this before. So good to seek out any individual with some authentic ideas on this subject. realy thank you for starting this up. this web site is one thing that’s wanted on the web, somebody with a little originality. helpful job for bringing something new to the web!

  6. I know top Blog professionals would really like your blog. You have a good head on your shoulders. You always know just what to say. I truly appreciate this page. Neat post.

Leave a Reply

Your email address will not be published.