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Prime
Roads agency builds Sh20bn fund for new toll roads plan
A billboard erected by Kenha on February 10, 2016 along the Southern Bypass near the Langata road overpass indicating the putting up of a Toll Station on the highway. PHOTO | SALATON NJAU
The Roads Annuity Fund created two years ago to provide capital for the development and maintenance of new roads has accumulated Sh20 billion.
The director of the Treasury’s public private partnerships (PPPs) unit, Stanley Kamau, said on Tuesday the fund — set up from the fuel levy charged on motorists — will be used to attract private investors in joint ventures to build and maintain new roads.
