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Nairobi; Kenya: Local cement manufacturer Savannah Cement, has expressed interest to join pre-qualified road contractors as a materials supplier in the new Sh260 billion annuity financing programme.
The new programme, which is expected to kick off in January next year, will see a pool of 49 short-listed road construction contractors commencing works to develop the first phase of a projected 10,000km tarmacked roads in the next five years. Under the annuity programme, government will negotiate uniform loans from banks while the contractors will design, build and maintain the roads. The first phase of the programme will cover a projected 2,000km at an estimated cost of Sh40 billion and is expected to act as a pilot for the new alternative road construction financing model.
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