Almost 80
projects of an estimated Sh1.1 trillion are set for unveiling in the financial
year starting in June 2020.
"The
estimated total value of these projects is $11,422 million (Sh1.41
trillion)," the Treasury CS Ukur Yatani stated through the Budget Policy
Statement for 2020, previously presented to the National Assembly.
This is
despite the increasing debt as a result of heavy borrowing, which has now seen
the Treasury resort to finding alternatives to fund the projects associated
with president Uhuru's Big Four Agenda.
Out of the
Sh1.41 trillion cost, Treasury intends to use the Public-Private Partnership
model in an attempt to fund up to a third of the total cost.
The stated
projects range from energy, health, education, transport as well as
infrastructure. About the transport, the projects include a mega Sh65 billion express
road intended to link Jomo Kenyatta International Airport with James Gichuru
Road in Westlands.
Others
included are road toll procurements for various roads, and which are now ready
for tendering.
In the
energy sector, a 1,050 Megawatt power plant is set to be built in Lamu County,
in addition to other geothermal projects which can yield up to 210 Megawatt.
A private
hospital at Kenyatta National Hospital (KNH) with an estimated capacity of 300
beds is also to be constructed alongside other three teaching and referral
hospitals in the Sh1.14 trillion projects.