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Government borrows Sh132b for infrastructure

The government has entered into 10 new loans worth Sh132 billion to finance infrastructure projects in the last six months.

The new loans secured from bilateral and multilateral lenders include Sh17.6 billion for the first and second phase of Nairobi Intelligent Traffic Systems (ITS) establishment and junctions improvement project phase two, Sh6.5 billion for ongoing Bus Rapid Transit (BRT), Sh7.7 billion for arid and semi-arid land rural roads project and Sh2.6 billion for Lake Victoria and sanitation project in Kisumu 

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