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State to borrow Sh150b to finish stalled projects

Transport Cabinet Secretary James Macharia. He says the government needs Sh150 billion to complete stalled road projects. [Denish Ochieng, Standard]

Transport Cabinet Secretary James Macharia has admitted that the government is facing challenges completing a number of road projects in western Kenya.

Speaking on Monday after touring Kisumu Port, the CS said the government banked its hopes on a Sh150 billion bond it was seeking to issue to raise money for stalled road projects.

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