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State stuck with broke Italian firm after Sh18 billion payout

Itare Dam site in Kuresoi South in Nakuru county on September 17, 2019. [Kipsang Joseph, Standard].

Tough conditions in the agreement between the government and the bankrupt Italian company has made it difficult for the Ministry of Water to pull out of the controversial Sh19 billion Itare dam deal.

Should the government pull out, the troubled firm, CMC Di Ravenna, which was also contracted to build the Arror and Kimwarer dams, will walk away with Sh12 billion more without breaking a sweat.

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