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Why Treasury's appetite for paying failed projects can't be satisfied

By Patrick Muinde | 1w ago

A huge traffic jam along Naivasha town on 3rd January 2021. [File, Standard]

This week closes on a sad note with news that Treasury paid Sh6.2 billion of taxpayer money without parliamentary approval for the cancelled Rironi-Mau road project. This joins the ranks of many other bad deals committed by senior public officers that not only exposes our sovereign interests at great risk, but also drains public coffers with zero value for money.

Not long ago, the Greenfields terminal project, then targeted to build a second runway and expand the Jomo Kenyatta International Airport (JKIA) was abruptly cancelled over commercial viability concerns. At least Sh4.5 billion of taxpayer money has gown down the drain to the Chinese contractors, with no single tractor ever stepping on site. The matter is still active with the Kenya Airports Authority officials appearing before the Public Investments Committee of the National Assembly as late as last week over the project.

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Related Topics

Rironi-Mau Summit Project Adani Airport Deal Greenfields Terminal Project

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