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Tax options for bridging the gaps in funding road construction budgets
The Nairobi Expressway Mlolongo Toll Station. Motorists had hoped for lower rates to be announced from July 1, 2024 in line with macro-economic changes.
A recent report explained various Exchequer options for closing gaps in budgets for funding road development and maintenance, and this includes public-private partnerships (PPPs), tolls, insurance, and congestion taxes.
Funding roads was always a tough and sensitive task for every government, given new roads and the condition of existing ones are the most visible measures of their performance.
