Treasury flags risk of paying investors if toll highways suffer weak demand

The National Treasury is wary of low traffic volume and revenue shortfalls on the Nairobi–Nakuru–Mau Summit and Nairobi–Maai Mahiu–Naivasha roads, risks that could force the government to compensate private investors who have built the infrastructure.

In its 2026 Budget Policy Statement (BPS), the Finance ministry says these are among the contingent liabilities of the Sh150 billion public-private partnership (PPP) that the William Ruto-led administration wants to unveil before the next elections. Contingent liabilities are potential financial obligations that depend on the outcome of an uncertain future event.