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Sh38b Itare dam project in limbo as contractor files for bankruptcy

A section of Itare Dam in Kuresoi North. [Kipsang Joseph, Standard]

An Italian firm contracted to build the Sh38 billion Itare dam in Kuresoi north sub-county has filed for bankruptcy in Italy.

The fate of the project now remains uncertain. The company, Co-operativa Muratoi e Cementisti Di Ravenna (CMC Ravenna), was supposed to complete the project by 2021.

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