Rotich says road annuity programme still operational
A road under construction: The annuity financing programme for roads is still on course, Treasury Secretary Henry Rotich has said. PHOTO | FILE
The annuity financing programme for roads, in which commercial banks are to finance contractors, is on course with plans to tarmac the first 500 kilometers of roads already finalised.
National Treasury Secretary Henry Rotich said Thursday that contrary to earlier statements – made by him and his Infrastructure counterpart James Macharia – the annuity programme had not collapsed.
“Who said that the programme has been abandoned? It is on course and we are going to tarmac 500 kilometers using it,” said Mr Rotich while addressing journalists at the Treasury.
