The National Treasury is setting up a committee of experts to examine ways of leveraging the Sh2.5 trillion worth of savings from the pension and insurance sectors to finance the government’s infrastructure projects under the Public Private Partnerships (PPP) arrangement after the collapse of deals by the Indian Billionaire Gautam Adani in the road and energy sectors on allegations of corruption.
Treasury Cabinet Secretary John Mbadi directed his principal secretary Chris Kiptoo on Wednesday to constitute a committee of experts (excluding politicians) to agree on viable ways of utilising insurance and pension funds to support sustainable and commercially viable government infrastructure projects to reduce reliance on bank borrowing and external borrowings.
