Why annuity concessions is the way to go in funding new roads

Kenya: Despite past attempts to address it, lack of sustained and bankable funding remains one of the most serious problems facing Kenya’s efforts to build modern infrastructure.

Nowhere is this more evident than in road building. It is indeed telling that some 51 years after independence, only a paltry 14,100 kilometers, or 8.8.per cent of Kenya’s 161,000 kilometer road network is paved. What is more disturbing is the rate at which we have been paving our roads. At a turnaround rate of 242 kilometers of paved roads every year, we are barely scratching the surface in meeting our targets.